[ActiveMining] Official Shareholder Discussion Thread [Moderated] - page 93.

arousedrhino

sr. member

Activity: 347

Merit: 250

Quote from: kleeck on May 31, 2014, 05:44:25 PM

Quote from: LorenzoMoney on May 31, 2014, 04:46:28 PM

Wow! Nearly 20k Bitcoin gone,

At today's prices that is about 11 million dollars.

Ken, could you please share where that money has gone?

Quote from: PurpleTentacle on May 31, 2014, 03:14:44 PM

Ken, where has all the money gone?

https://blockchain.info/address/16yTynjmSe5bsRGykDaaCL5bm2pxiEfcqP

I haven't audited that specific address. It looks like over the last two months 868 BTC has moved out of that address (technically, more but there is some influx from other addresses that offset the net total). In April:759.2748, May:108.6652. I'd have to see what Ken has accounted for in the last financial report as I'm sure that some of the 20,000 BTC has already been accounted for.

Theres also a couple of circular transactions that inflate the BTC Received figure.

4K BTC withdrawn to: 17gjhy4UHXiojsxdA4RSKoZcqJMW8SnPVo
https://blockchain.info/tx/22af4a5df11c506092e7520b223ac20882d3deb0e7498fa404a53cba569608a1

4K BTC received from: 17gjhy4UHXiojsxdA4RSKoZcqJMW8SnPVo
https://blockchain.info/tx/ecec3bca9d4978e495a3f528727f42cc321f4e8f844f3cf7414865d570109f57

So drop that from the total and were at 16K BTC to be accounted for. There are likely a few more circular loops like that as well. To figure out the actual total ever held at that address would take some investigative work.

knybe

hero member

Activity: 658

Merit: 500

decentralize EVERYTHING...

No word from Ken about nothing at all. He seems to have vanished.

So what's the final consensus?

Have we been bilked or not?

klondike_bar

legendary

Activity: 2128

Merit: 1005

ASIC Wannabe

kleeck

hero member

Activity: 532

Merit: 500

https://karatcoin.co

Quote from: LorenzoMoney on May 31, 2014, 04:46:28 PM

Wow! Nearly 20k Bitcoin gone,

At today's prices that is about 11 million dollars.

Ken, could you please share where that money has gone?

Quote from: PurpleTentacle on May 31, 2014, 03:14:44 PM

Ken, where has all the money gone?

https://blockchain.info/address/16yTynjmSe5bsRGykDaaCL5bm2pxiEfcqP

I haven't audited that specific address. It looks like over the last two months 868 BTC has moved out of that address (technically, more but there is some influx from other addresses that offset the net total). In April:759.2748, May:108.6652. I'd have to see what Ken has accounted for in the last financial report as I'm sure that some of the 20,000 BTC has already been accounted for.

LorenzoMoney

sr. member

Activity: 335

Merit: 250

Wow! Nearly 20k Bitcoin gone,

At today's prices that is about 11 million dollars.

Ken, could you please share where that money has gone?

Quote from: PurpleTentacle on May 31, 2014, 03:14:44 PM

Ken, where has all the money gone?

https://blockchain.info/address/16yTynjmSe5bsRGykDaaCL5bm2pxiEfcqP

emkay47

member

Activity: 97

Merit: 10

Hey Guys ,

I am selling 5 x Prospector boards including H80i Water Cooling and Corsair RM650 .
All 5 of them have been running perfectly between 400-500GH/s .
I am located in India and can ship worldwide .

If ill send the H80i's and RM650's with their boxes , the shipping charges might get high . So , i am willing to send either way , with boxes or without .
I am open to sell just the Prospector boards also , without the cooling and power .

I can escrow too .

Price :-

5 x Prospector Boards + 5 x H80i's + 5 x RM650 = 8.5 BTC
5 x Prospector Boards = 5.5 BTC .

Shipping Charges = PM me with location and option , Ill get back with shipping charges .

Cheers .

PurpleTentacle

sr. member

Activity: 384

Merit: 250

Ken, where has all the money gone?

https://blockchain.info/address/16yTynjmSe5bsRGykDaaCL5bm2pxiEfcqP

wonker

member

Activity: 103

Merit: 10

http://whois.domaintools.com/virtualminingcoin.org

Not Ken it seems.

bitmoon

sr. member

Activity: 242

Merit: 250

hi guys

i remember the old prospectus of AMC the days at btc-t , was it btct-t?

if i remember correct, it said like we aim to capture no more then 45% of network.

that statement is like floating around my head and its making my face smile with no happiness, and making ehee ehee voice.

arousedrhino

sr. member

Activity: 347

Merit: 250

Quote from: fluffypony on May 31, 2014, 10:04:53 AM

Kenneth, your new altcoin is being pumped quite hard, all the best and I hope it succeeds: http://virtualminingcoin.org/

I don't think thats Ken's coin. Anyone else want to back that up?

JoTheKhan

sr. member

Activity: 378

Merit: 250

Miner you're not a victim anymore than the rest of us, and especially not about being censored. We all know what is going on.

Zum is trying to make the thread go off the rails so he can show how bad it was when people decided that this shit needs to be moderated. I can sympathize with that, do we need heavy moderation though? No I do not think we do. The trolls are not screaming and prancing anymore. There is little reason to do that now.

Ken, Q2 is coming to a fast close. Please give us a sincere update about what has happened so far this year and our financial situation.

Thanks.

fluffypony

donator

Activity: 1274

Merit: 1060

GetMonero.org / MyMonero.com

Kenneth, your new altcoin is being pumped quite hard, all the best and I hope it succeeds: http://virtualminingcoin.org/

sparky999

sr. member

Activity: 473

Merit: 250

Hash rate appears to be rising past the 100Th mark finally.

The hash fast ruling means that we have a very high chance of being able to utilise those 5000 boards we have waiting to be made.

5000 x $100 profit per board = $0.5 million

0.5 million / 600/BTC is approx 800 bitcoin

accrued btc from mining approx 200

1000 bitcoin / 10 000 000 = 0.0001 bitcoin per share.

if you deduct 50% for re-investment then you get 0.00005 per share which is still 50% of the total share price currently.

So like I said seems strange there hasn't been a spike in share price when you consider fair value is probably something like 0.0005-0.0007 right now not 0.00001.

edit: this just assumes that we do 5000 boards in theory we could end up doing closer to 40k

equipoise

hero member

Activity: 794

Merit: 1000

Monero (XMR) - secure, private, untraceable

It seems there are enough chips for both ActM and the competitor boards, but for now it's not sure who'll take the big share from the hashfast customers. It also seems ActM is prepared to start mass board production straight away (if not started already). It's probable ActM already have chips in hand (last week news - the court news). If those are true ActM could pay the current share price in dividends in very short term (a month maybe?); however the court could decide something else or ActM may not have the capacity to scale. Soon we should see if the last week rumors could turn into big profit for ActM or it's all over.

finlof

hero member

Activity: 630

Merit: 500

Quote from: JimmyJazz on May 31, 2014, 05:49:14 AM

Quote from: sparky999 on May 31, 2014, 05:21:14 AM

Surprised not to see a spike in share price after the latest hashfast news.Best news this company has had in months - maybe ever!

Same here.

30,000 chips need boards. We are here to the rescue.

"we" who? There is Ken and maybe 2 or 3 others working this company. that's not a lot of manpower to do much of anything.

JimmyJazz

full member

Activity: 207

Merit: 100

Quote from: sparky999 on May 31, 2014, 05:21:14 AM

Surprised not to see a spike in share price after the latest hashfast news.Best news this company has had in months - maybe ever!

Same here.

30,000 chips need boards. We are here to the rescue.

BitSwe

newbie

Activity: 38

Merit: 0

Quote from: sparky999 on May 31, 2014, 05:21:14 AM

Surprised not to see a spike in share price after the latest hashfast news.Best news this company has had in months - maybe ever!

Eeehhh... there is nothing but speculation at this moment. No facts, no numbers, no plan, nothing.
To say it's the best news in months is an exaggeration to say the least.

drawingthesun

legendary

Activity: 1176

Merit: 1015

Quote from: sparky999 on May 31, 2014, 05:21:14 AM

Surprised not to see a spike in share price after the latest hashfast news.Best news this company has had in months - maybe ever!

What news?

That a competitor is likely to take on all of Hashfast's customers?

sparky999

sr. member

Activity: 473

Merit: 250

Surprised not to see a spike in share price after the latest hashfast news.Best news this company has had in months - maybe ever!

wonker

member

Activity: 103

Merit: 10

ActiveMining cant even serve his own customers...

Topic: [ActiveMining] Official Shareholder Discussion Thread [Moderated] - page 93. (Read 629899 times)