Topic: [ActiveMining] Official Shareholder Discussion Thread [Moderated] - page 189. (Read 629902 times)

I have no plan to mine in the near future. I am just wondering if this is profitable buy for miners at the moment. Otherwise I don't see us selling them.

Its better to buy with fiat at the moment .

I am not a afraid to admit that I am a complete newb/noob/ignorant person when it comes to mining and let others ask the questions about it. I understand the Increase and Decrease in difficulty, etc though. But is this a profitable buy for you with BTC price at what it is today? If so do you or anyone else have any estimates on profit?

Thanks.

375gh... 

 

Alright guys,

Got the wires in, plugged them into the board and then into my laptop. Powered it all on. Downloaded latest CGMiner (BFGMiner didn't recognize the device) downloaded WinUSB Drivers and it's hashing right away, no issues so far.

You can see progress here http://eligius.st/~wizkid057/newstats/userstats.php/1FscNBYzd5CqDzUVQ9YapLQNtLbswkM4NL


If you look under workers it will be called Prospector1 - Give it time (like 23 minutes) to get a decent hashrate going on the chart. It will look really low until it has been up for the full 23 minutes.

375gh... 

 

Alright guys,

Got the wires in, plugged them into the board and then into my laptop. Powered it all on. Downloaded latest CGMiner (BFGMiner didn't recognize the device) downloaded WinUSB Drivers and it's hashing right away, no issues so far.

You can see progress here http://eligius.st/~wizkid057/newstats/userstats.php/1FscNBYzd5CqDzUVQ9YapLQNtLbswkM4NL


If you look under workers it will be called Prospector1 - Give it time (like 23 minutes) to get a decent hashrate going on the chart. It will look really low until it has been up for the full 23 minutes.

Alright guys,

Got the wires in, plugged them into the board and then into my laptop. Powered it all on. Downloaded latest CGMiner (BFGMiner didn't recognize the device) downloaded WinUSB Drivers and it's hashing right away, no issues so far.

You can see progress here http://eligius.st/~wizkid057/newstats/userstats.php/1FscNBYzd5CqDzUVQ9YapLQNtLbswkM4NL


If you look under workers it will be called Prospector1 - Give it time (like 23 minutes) to get a decent hashrate going on the chart. It will look really low until it has been up for the full 23 minutes.

Having said that we should really have a Bitpay account up BEFORE THE END OF THE DAY because all sales mount up.

Money doesn't exist on the paper, it's a promise or an IOU, in contrast the amounts represented in the blockchain and assigned to various wallets ARE BTC. So the paper is tangible, but how real is the promise?

Paper is pretty solid, and rather tangible I must say. I have a piece in my hand right now.

I have yet to recieve my shares on crypto-trade, did I miss something?

Weekly Update 4/2/2014

Pre-Order Customers:

We are offering 20% off the price of our Prospector card for our Pre-Order customers.  We will apply your pre-order payment to your total Prospector card order.  You will need to use this voucher code URZSZLUF and have a valid pre-order with us.  Should your pre-order amount not cover the total on your order you will need to pay the difference.  If there is a balance left we will issue you a voucher for a future purchase.  When ordering as a pre-order customer you will need to add the Order ID of the pre-order you want transferred in the comment section of the order.

Datacenter:

The datacenter should be coming on line this week, barring any unforeseen problems.  We will be bring up 1 rack at a time.  We will have 4 racks in this phase with ~60 TH/s coming on line.  We will be adding additional step-down transformers to bring the total up to 100 TH/s after we get the first phase running.  The next phase will be to bring the datacenter up to 200 TH/s after the first month of running the first phase.

MSD Investigation:

We are continuing to work with the MSD through our lawyer to bring this to a conclusion is the shortest amount of time as possible.

Sells:

We have shipped our first miners and they have been delivered.  We are continuing to get orders and we are continuing to ship miners.

Shares:

Next week I will start transferring shares to CT so our investors can start trading.

Depends how you define 'solid' - is every Wallet traceable back to it's owner? A company could open 10 wallets and start taking BTC payments for sold goods and not declare or pay taxes on that money. That is clearly not acceptable or a good way to run a business if you don't want shut-down.

For tax reasons a company needs to have open and clear accounts to avoid suspicion/an IRS investigation where assets could be frozen. So for that reason you only use a registered company account with a third party that can be cross-checked by the IRS for payments. It's a precaution not a legal requirement (I don't think) but it could prevent a lot of trouble in the future. If the IRS suspects you are not declaring income you can get a fine so all incoming money from sales (which is taxable) has to have a good paper trail.

That's why ACtM needs a BitPay account or similar.