[ActiveMining] Official Shareholder Discussion Thread [Moderated] - page 183.

drawingthesun

legendary

Activity: 1176

Merit: 1015

Quote from: JoTheKhan on April 05, 2014, 10:46:24 PM

If it's going to sit in a wallet for months or weeks and not go to use then he might as well pay it out as dividends.

Just remember one thing, all money that gets paid out as a dividend will never ever return to ActiveMining, the company had its IPO and it's unlikely to have a third one.

I have no problem with the ROI funds sitting in a wallet for months. Worst case scenario Ken one day closes the company and pays out the wallet funds as a final dividend.

If we have 1000 bitcoin, and then use all of it for 5,000 boards/chips, now after 3 months we have ROI, so now we have 1000 bitcoin again, this is good. Now 50% goes back to the company and we the shareholders are getting profit from the dividend.

It's profit because the company is no longer losing value. The warchest is the same base it was by the time we get a dividend so our share value remains constant as we get paid out profit. In fact the value of the share shall rise because of the 50% reinvestment.

Now if Ken pays out funds before ROI, the shares MUST fall in value because capital is being lost back to shareholders (This isn't sustainable either)

The whole point of buying hashfast was to make profit. So that in the future both ActiveMining and the shareholders will be better off. If we pay out before ROI we risk ruin by taking valuable capital away from the company.

Ozymandias2

member

Activity: 98

Merit: 10

Quote from: JoTheKhan on April 05, 2014, 10:46:24 PM

I'm 100% For us Reinvesting 100% until we're in the black, but before this considered by Ken I ask that he has a set game plan out for what to do with this money. If it's going to sit in a wallet for months or weeks and not go to use then he might as well pay it out as dividends.

I'm undecided on this issue, but I don't believe that this line of thinking follows. Funds could be needed at a later date (say for mass wafer production of the custom chip) so they may have to sit until they are needed (unless I misunderstood your post and this wouldn't count under your "not go to use" clause. Granted, I do believe some dividends should be paid out, but a war chest could be useful.

JoTheKhan

sr. member

Activity: 378

Merit: 250

I'm 100% For us Reinvesting 100% until we're in the black, but before this considered by Ken I ask that he has a set game plan out for what to do with this money. If it's going to sit in a wallet for months or weeks and not go to use then he might as well pay it out as dividends.

drawingthesun

legendary

Activity: 1176

Merit: 1015

Quote from: JoTheKhan on April 05, 2014, 10:33:04 PM

You mention "using our calculations we have enough power and cooling for 1,069 TH based on electrician's estimate." But what about Funds. (2), do we currently have enough Funds to raise 1,069THs?

This is why I think it's important to get full ROI before splitting the dividend 50/50 (reinvestment+shareholder profit).

If we don't get the full ROI back before sending shareholder their profit, this company will bleed money.

I really want to hear Ken's opinion on this matter.

I think the process needs to be:

Mining until FULL ROI. --> Now split 50% shareholder dividend, and 50% reinvestment for even more money so the company can make great progress.

I'm not sure where my old simulator went, but high reinvestment ALWAYS ended up with the shareholder making more money from dividends in the long run.

JoTheKhan

sr. member

Activity: 378

Merit: 250

Quote from: kslaughter on April 05, 2014, 10:06:56 PM

Quote from: Ozymandias2 on April 05, 2014, 09:44:17 PM

Quote from: kslaughter on April 05, 2014, 09:40:42 PM

Quote from: auto2nr1 on April 05, 2014, 07:07:01 PM

Quote from: kslaughter on April 05, 2014, 06:23:21 PM

Data Center Update: 4/5/2014

We are continuing to bring up machines in our data center; however, we won't have the air conditioning running until next week, so this may limit us to the number of TH we can put on line this week.

Shipping of products:

Due to bring the Data Center online on Thursday and Friday we did not ship any products. We will continue shipping starting on Monday the 7th.

Can you let us know when the AC will be running? Early or late next week? Also, when will you finish up the verification of shares so we can start trading? Thanks.

The AC should be running late next week, they are waiting on parts. I will start working on the verification program on Monday, moving it up to the server and testing it out.

Once the AC is up, is there any reason, even if one that you can't/wont disclose, for increasing the self-mine by 100th/s per month instead of faster? Is time the limiting factor? If so, would it be possible to hire someone solely to build the mine?

There are a number of factors which limits how fast we can increase our self mining hash rate. 1) Available power, we have to install step down transformers, power panels and outlets in each rack. 2) Available funds for mining boards, power supplies, coolers, cables, etc. 3) The amount of time it takes to install a working miner in the rack. 4) The amount of time it takes to tweak the miners for maximum performance. 5) Maximum available power and cooling, we believe using our calculations we have enough power and cooling for 1,069 TH based on the electrician's estimate.

You mention "using our calculations we have enough power and cooling for 1,069 TH based on electrician's estimate." But what about Funds. (2), do we currently have enough Funds to raise 1,069THs?

drasted

sr. member

Activity: 240

Merit: 250

Quote from: kslaughter on April 05, 2014, 09:40:42 PM

The AC should be running late next week, they are waiting on parts. I will start working on the verification program on Monday, moving it up to the server and testing it out.

What else needs to be done with it? You told us months ago it was ready and that you just needed to upload it.

Quote from: kslaughter on January 30, 2014, 09:24:12 PM

I just have to set it up on the server.

Ozymandias2

member

Activity: 98

Merit: 10

Quote from: kslaughter on April 05, 2014, 10:06:56 PM

Quote from: Ozymandias2 on April 05, 2014, 09:44:17 PM

Quote from: kslaughter on April 05, 2014, 09:40:42 PM

Quote from: auto2nr1 on April 05, 2014, 07:07:01 PM

Quote from: kslaughter on April 05, 2014, 06:23:21 PM

Data Center Update: 4/5/2014

We are continuing to bring up machines in our data center; however, we won't have the air conditioning running until next week, so this may limit us to the number of TH we can put on line this week.

Shipping of products:

Due to bring the Data Center online on Thursday and Friday we did not ship any products. We will continue shipping starting on Monday the 7th.

Can you let us know when the AC will be running? Early or late next week? Also, when will you finish up the verification of shares so we can start trading? Thanks.

The AC should be running late next week, they are waiting on parts. I will start working on the verification program on Monday, moving it up to the server and testing it out.

Once the AC is up, is there any reason, even if one that you can't/wont disclose, for increasing the self-mine by 100th/s per month instead of faster? Is time the limiting factor? If so, would it be possible to hire someone solely to build the mine?

There are a number of factors which limits how fast we can increase our self mining hash rate. 1) Available power, we have to install step down transformers, power panels and outlets in each rack. 2) Available funds for mining boards, power supplies, coolers, cables, etc. 3) The amount of time it takes to install a working miner in the rack. 4) The amount of time it takes to tweak the miners for maximum performance. 5) Maximum available power and cooling, we believe using our calculations we have enough power and cooling for 1,069 TH based on the electrician's estimate.

Interesting! Thanks for the detailed answer!

kslaughter

sr. member

Activity: 476

Merit: 250

Quote from: Ozymandias2 on April 05, 2014, 09:44:17 PM

Quote from: kslaughter on April 05, 2014, 09:40:42 PM

Quote from: auto2nr1 on April 05, 2014, 07:07:01 PM

Quote from: kslaughter on April 05, 2014, 06:23:21 PM

Data Center Update: 4/5/2014

We are continuing to bring up machines in our data center; however, we won't have the air conditioning running until next week, so this may limit us to the number of TH we can put on line this week.

Shipping of products:

Due to bring the Data Center online on Thursday and Friday we did not ship any products. We will continue shipping starting on Monday the 7th.

Can you let us know when the AC will be running? Early or late next week? Also, when will you finish up the verification of shares so we can start trading? Thanks.

The AC should be running late next week, they are waiting on parts. I will start working on the verification program on Monday, moving it up to the server and testing it out.

Once the AC is up, is there any reason, even if one that you can't/wont disclose, for increasing the self-mine by 100th/s per month instead of faster? Is time the limiting factor? If so, would it be possible to hire someone solely to build the mine?

There are a number of factors which limits how fast we can increase our self mining hash rate. 1) Available power, we have to install step down transformers, power panels and outlets in each rack. 2) Available funds for mining boards, power supplies, coolers, cables, etc. 3) The amount of time it takes to install a working miner in the rack. 4) The amount of time it takes to tweak the miners for maximum performance. 5) Maximum available power and cooling, we believe using our calculations we have enough power and cooling for 1,069 TH based on the electrician's estimate.

Ozymandias2

member

Activity: 98

Merit: 10

Quote from: kslaughter on April 05, 2014, 09:40:42 PM

Quote from: auto2nr1 on April 05, 2014, 07:07:01 PM

Quote from: kslaughter on April 05, 2014, 06:23:21 PM

Data Center Update: 4/5/2014

We are continuing to bring up machines in our data center; however, we won't have the air conditioning running until next week, so this may limit us to the number of TH we can put on line this week.

Shipping of products:

Due to bring the Data Center online on Thursday and Friday we did not ship any products. We will continue shipping starting on Monday the 7th.

Can you let us know when the AC will be running? Early or late next week? Also, when will you finish up the verification of shares so we can start trading? Thanks.

The AC should be running late next week, they are waiting on parts. I will start working on the verification program on Monday, moving it up to the server and testing it out.

Once the AC is up, is there any reason, even if one that you can't/wont disclose, for increasing the self-mine by 100th/s per month instead of faster? Is time the limiting factor? If so, would it be possible to hire someone solely to build the mine?

kslaughter

sr. member

Activity: 476

Merit: 250

Quote from: auto2nr1 on April 05, 2014, 07:07:01 PM

Quote from: kslaughter on April 05, 2014, 06:23:21 PM

Data Center Update: 4/5/2014

We are continuing to bring up machines in our data center; however, we won't have the air conditioning running until next week, so this may limit us to the number of TH we can put on line this week.

Shipping of products:

Due to bring the Data Center online on Thursday and Friday we did not ship any products. We will continue shipping starting on Monday the 7th.

Can you let us know when the AC will be running? Early or late next week? Also, when will you finish up the verification of shares so we can start trading? Thanks.

The AC should be running late next week, they are waiting on parts. I will start working on the verification program on Monday, moving it up to the server and testing it out.

snowdropfore

hero member

Activity: 843

Merit: 1001

Quote from: minerpart on April 05, 2014, 04:17:03 PM

Quote from: MilkyWayMasta on April 05, 2014, 02:50:37 PM

Let's say dividends are 0.0002 BTC per share per month, how would that compare to the share price?

As a rough guide (for a successful ACtM) share price will settle at a ratio of between 4:1 and 10:1 with the annualised dividend.

So between 0.0096 and 0.024.
we do not have our own chip yet ,don't be too optismistic. but i hope we can success.

joele

legendary

Activity: 1022

Merit: 1000

Quote from: minerpart on April 05, 2014, 04:17:03 PM

Quote from: MilkyWayMasta on April 05, 2014, 02:50:37 PM

Let's say dividends are 0.0002 BTC per share per month, how would that compare to the share price?

As a rough guide (for a successful ACtM) share price will settle at a ratio of between 4:1 and 10:1 with the annualised dividend.

So between 0.0096 and 0.024.

I'll keep my fingers crossed for that.

auto2nr1

sr. member

Activity: 350

Merit: 250

Quote from: kslaughter on April 05, 2014, 06:23:21 PM

Data Center Update: 4/5/2014

We are continuing to bring up machines in our data center; however, we won't have the air conditioning running until next week, so this may limit us to the number of TH we can put on line this week.

Shipping of products:

Due to bring the Data Center online on Thursday and Friday we did not ship any products. We will continue shipping starting on Monday the 7th.

Can you let us know when the AC will be running? Early or late next week? Also, when will you finish up the verification of shares so we can start trading? Thanks.

drawingthesun

legendary

Activity: 1176

Merit: 1015

Hey Ken good work.

Do you have a timeline for our custom 28nm? Are you designing it to be similar to hashfast chip?

kslaughter

sr. member

Activity: 476

Merit: 250

Data Center Update: 4/5/2014

We are continuing to bring up machines in our data center; however, we won't have the air conditioning running until next week, so this may limit us to the number of TH we can put on line this week.

Shipping of products:

Due to bring the Data Center online on Thursday and Friday we did not ship any products. We will continue shipping starting on Monday the 7th.

iamnot_

newbie

Activity: 24

Merit: 0

Quote from: damiano on April 05, 2014, 05:03:58 PM

It's in kens best interest to pay out the .0025 to the 10mill first

It's in the business prospectus to pay out the 0.0025 first, so there's really no way around it without creating a shitstorm.

damiano

legendary

Activity: 1246

Merit: 1000

103 days, 21 hours and 10 minutes.

It's in kens best interest to pay out the .0025 to the 10mill first

minerpart

sr. member

Activity: 280

Merit: 250

IIIIII====II====IIIIII

Quote from: MilkyWayMasta on April 05, 2014, 02:50:37 PM

Let's say dividends are 0.0002 BTC per share per month, how would that compare to the share price?

As a rough guide (for a successful ACtM) share price will settle at a ratio of between 4:1 and 10:1 with the annualised dividend.

So between 0.0096 and 0.024.

thefunkybits

legendary

Activity: 1218

Merit: 1000

Quote from: Simon Templar on April 05, 2014, 03:27:07 PM

The farm needs to grow at 100TH+ per week.

With access to 3 PH in the coming month or two, I think it would be a bad business decision not to put up at least 1 PH by that point. especially if the plan is to solo mine ASAP like Ken has stated. Once all of our pre-order customers have been dealt with there will no longer be a conflict of interest to mine with everything we've got and put more focus on the shareholders.

JimmyJazz

full member

Activity: 207

Merit: 100

It really is just the first hurdle of getting to a decent hashrate. It shouldn't be hard to maintain with the 50/50 reinvestment in place (could initially go even higher)

Topic: [ActiveMining] Official Shareholder Discussion Thread [Moderated] - page 183. (Read 629902 times)