Topic: [ActiveMining] Official Shareholder Discussion Thread [Moderated] - page 221. (Read 630074 times)

those are just numbers to illustrate the point. If bitcoins are worth $1 each or 1,000,000 each, x bitcoins are always better than y bitcoins if x>y. As soon as people start to figure that out, this crazy mining race will slow down to a reasonable pace and people will be able to make money mining. If anyone should know that, it would be "owners" of a company that sells miners.

As I expected. We will never see bitcoin or shares from this company. We are being blocked.

Which is most likely why Kenneth has not tendered our share back to us.

It's evident that the price of Bitcoin will go through the roof.  You yourself will agree and it would be niave not to factor this into one's planning.  It is not a prerequisite for ACTM to succeed.
'Whose stock?' is only one of many unanswered questions.  Maybe buy one yourself and report your findings while contributing to my divs.  

It's easy to validate any argument if we are allowed to make up the numbers.  The point is; provided the company is actively mining, expanding that mine and selling 'IN STOCK' hardware while developing future products as the value of bitcoin goes through the roof then the outlook is very bright.  I'm not saying this is a certainty and I know there are two sides to every non digital coin, but as I said, progress and keeping afloat is what really matters right now.

There are many ways to skin a cat, but (made up numbers for ease) spending 10 bitcoins (or enough money to buy 10 bitcoins) on a machine that will make 8 bitcoins will lead to the skinned cat called bankruptcy.

Good luck with your investment!

I am somewhat grateful that he isn't the type of stubborn that goes plowing blindly ahead with things once they have stalled and the landscape has changed.... otherwise we'd have $$$ in 1st gen avalon clones "just waiting for chips" still.

We've been unlucky in the choices of chip partners thus far, but Ken has I think limited damage as far as humanly possible. We all just get frustrated waiting for something, anything, to go all the way and bear fruit.

Yes, but there is more than one way to skin a cat.  Progress and simply keeping afloat is what really matters here because of the enormous potential.  kslaughter's managerial skills may be in question but his ability and willingness to react to the ebb and flow may prove to be his greatest asset.  Time will tell.

The point should be to make bitcoins. The point was to mine using your own miners. A company that sells miners should know how bad of investment it has traditionally been to make bitcoins using purchased miners.

This plan will get more coins into the mining address, that doesn't necessarily mean it's a good thing.

Wrong, it's 50% of the main purpose, AMC the mining arm, and VMC the hardware arm united as ActiveMining.


Annnd, complaining about a mining company mining makes you seem, what's the phrase I'm looking for here... dumb as a rock.

Not sure I believe you but selling at that price may prove either very stupid or very brave.  Perhaps both.  Can't wait to watch that bloodbath! 

which was the exact same plan as Labcoin btw. Like dts, any bids over .0001 / share will be like christmas to me.

I can't believe people are paying 0.0008 for an ActiveMining share.

I promise you, as soon as we can trade for real this game is over. People paying this much are going to get hurt.

I know that myself and some other people want out and will continue to sell far below 0.0007 to get some bitcoin back. We account for over a million shares and will not stop until we are no longer holding AvalonMining inc.

But please, keep wasting your money on 0.0007/0.0008. Once the big boys trade you'll never see that price again.

There's no money for a new chip.  Ken was asked how much we have left.  It was that 1400 some Bitcoins, which I haven't looked at recently but assuming everything to pay the employees, lawyer, and such is coming out of there, it's dwindling.

If his plan is to mine with 100th and reinvest to try and get another 100th, and then build a custom chip from that.  Forget it...  What's that going to work out to?  $200,000 before it uses more power than it earns?  After you pay people and whatever, there is nothing.  Better hope the coin value bounces back in a big way. 

And the mystery of the shipped product was solved!

MSD refers to Missouri Securities Div.  it is the State Level of the SEC

hashrate is not proof of much if anything. You already owned >700Gh of avalon gear for months now. Even adding 25TH to this is meaningless if you are just buying antminers or some other market-value hardware.

before I continue, what is 'MSD'? http://www.acronymfinder.com/Business/MSD.html  and  http://en.wikipedia.org/wiki/MSD indicates the best fit is 'Manufacturing System Design'.

1) Manufacturing System Design - how would giving details or a photo be prevented by this?
2) Competition - b*llshit. What will happen, the competition will see your hardware and magically replicate the PCB?  There are a dozen other hardware designs that are visible online or available for purchase right now (or were sold already) that would be better suited to being copied. You have no reason to be silent due to 'competition'.
3) Trolls - This is not a reason. How would actually explaining what's going on feed the trolls? The trolls are fed by your lack of any real, transparent information.

My point is, I see no reason why you can not or should not 'spill the beans'. You are not 'spilling the beans' by telling the people who gave you money and trust what you are doing with said money and trust after 9 months?  The only thing you have demonstrated is that you can point a few bitcoins worth of equipment at a BTCguild pool where almost noone can view the stats or detailed information.

The 'demands' of people int he thread are 100% within reason:

1) use eligius. The pool is better in many ways than BTCGuild, the #1 being that the stats are visible to anyone who know the mining address. It also means that the hashrate is 100% going to a fixed address.
2) explain the delay on shares. Are you witing for coloured coins, and do you actually own a list of all the shareholders and assets
3) what hardware are you buying/using? Right now, it seems pretty clear that the chips are not an ACTM design, and most likely bought from an aforementioned 'competition'

BItcoins flowing into your mining address wasn't the main purpose. Having your own chips and selling them was!

It is.