What a weird day... Amazing movement (~60% increase on the day) and not much chatter.
I guess everyone is just waiting on news.
Won't be too much news until after Ken meets with eAsic on Wednesday
If I wasn't a broke student I would definitely buy more shares before we get the news on how the meeting went. Oh well, hopefully I wont stay broke that much longer holding the amount of ActM shares that I do.
I feel you on that, if all goes to plan my ActM shares will pay off my student overdraft and buy me ramen for the next 2 years, hell I might even be able to splash out and buy some real food once in a while. Living that student life...
Indeed. I love the student life, but it's certainly not a rich one (money wise anyways).
Everything rarely goes according to plan, but recently my hopes for ActiveMining has been exceeded, and I now have 100 % faith that they will be able to deliver. I guess the limiting factor to how high we can go is how the rest of the market develops.
Messages like the one
KnCMiner sent out a couple of days ago (that they will not ship new devices until March 2014), will hopefully lead to a lot of them going with ActM instead.
Also, dhenson's calculation of dividend payments from chip sales alone gives a sense of the potential of the company. Especially factoring in that sales revenue isn't tied that much up to difficulty (if anything, increased difficulty means people will need more chips/miners for keeping profits up):
Please excuse the unbridled optimism below, I'm feeling really good about my Active Mining investment at the moment.
It's obvious to me that a lot of people are failing to realize the incredible investment potential of Active Mining at the moment. Anyone thinking of profit taking at this time, in my opinion will regret it later.
Let's for a second talk about chip sales. If for the sake of conversation Active Mining was to sell 1,000,000 USD worth of chips in a given week (compared to previous sales by Avalon, this would be a slow week). Let's assume they are selling the chips at a 100% markup, that would equate to 500,000 USD in profit. Divide that profit by the 10,000,000 shares and you get .0005555/share just in chip sales (assuming USD conversion rate of $90/btc).
That's an incredible .028886/share/year!
Someone with 1000 shares would have paid 4btc at .004 and received 28.886 back just in dividends in the first year. And that's ONLY counting chip sales. Add in mining, and other hardware and you can see that this stock is INSANELY undervalued at the moment.
The above is admittedly invalid as after .0025 is paid in dividends, the remaining 15,000,000 company shares will begin to receive dividends, but for the sake of conversation, you can see the magnitude of the potential here.
I personally won't be profit taking until .02
