[ActiveMining] The Official Active Mining Discussion Thread - page 108.

Exocyst

sr. member

Activity: 266

Merit: 250

Science!

Quote from: Streets 2.0 on August 29, 2013, 08:51:38 AM

Quote from: matuszed on August 29, 2013, 08:45:37 AM

Quote from: ?? on ??

Quote from: Streets 2.0 on August 29, 2013, 08:42:16 AM

Quote from: ffssixtynine on August 29, 2013, 05:07:37 AM

Just come online today to see the Avalon stuff. Lawsuit would be madness, as I posted on the Avalon thread some days ago. Get the refund asap if it's on offer.

As for what to do - re-invest or dividend minus the costs incurred? Any other options?

Thoughts?

What about a 50/50 split on reinvestment and issuing of dividend from any available refund? The shareholders need to be taken care of in some fashion surrounding this Avalon flub.

Thoughts?

A one time lump dividend payment is bad for business.

If it was 50/50 then it should be given out over time.

There is no need for a one time lump dividend its bad for the long term goals of the company.

We just want to get a feel for what it is shareholders envision as a solution to Avalon's fiasco.

It would be nice to see the Avalon money re-invested, but what I would really like to see is the money invested in the 28nm project (which btw, is there any progress on getting a progress report on the eASIC deal?)

finlof

hero member

Activity: 630

Merit: 500

suspected avalon chip funds are now here - http://blockchain.info/address/1JrwWrt3TYUzMYFEBLX5hTo1zFsEY6tWZN - and moving out fast. seems they might be processing refunds!

crumbs

full member

Activity: 210

Merit: 100

Quote from: VolanicEruptor on August 29, 2013, 08:38:35 AM

Quote from: crumbs on August 29, 2013, 08:08:56 AM

Quote from: physalis on August 29, 2013, 08:04:19 AM

When do you guys imagine ActM to be hashing with their 28nm chips?
Just curious

Quote from: kslaughter on July 08, 2013, 05:46:58 PM

...
In total, around 6,377 GH/s, expected to be fully operational in the middle of August.

Nothing else could be discussed because NDA.

wtf.. You do know that he's referring to Avalon chips, not 28nm, right?? LOL.
You can't even troll properly. I'll show you sometime..

What makes you think that Ken's predictions about chips that don't exist are any better than his predictions about the chips that do exist, LOL?
And watch your tone. Be polite or stfu, k?

crumbs

full member

Activity: 210

Merit: 100

Quote from: zefyr0s on August 29, 2013, 08:19:12 AM

Quote from: crumbs on August 29, 2013, 08:08:56 AM

Quote from: physalis on August 29, 2013, 08:04:19 AM

When do you guys imagine ActM to be hashing with their 28nm chips?
Just curious

Quote from: kslaughter on July 08, 2013, 05:46:58 PM

...
In total, around 6,377 GH/s, expected to be fully operational in the middle of August.

Nothing else could be discussed because NDA.

Dude, directly above that: "An order of 20,000 Avalon chips (end of May and beginging of June orders), for a combined hashrate of 20,000*282 = 5,640 GH/s."

Why would you even bother bring up the fact he hasn't met that over 6TH goal because we got no chips?

Also the question was specifically talking about mining with our 28nm chips, not the ones we're waiting on from Avalon.

The quote above is exemplary of projections made by Ken & Active Miner. It speaks volumes of inability to account for anything but the best-case scenario.
I hope this provides the context for the quote in question.

Streets 2.0

full member

Activity: 490

Merit: 101

FRX: Ferocious Alpha

Quote from: matuszed on August 29, 2013, 08:45:37 AM

Quote from: ?? on ??

Quote from: Streets 2.0 on August 29, 2013, 08:42:16 AM

Quote from: ffssixtynine on August 29, 2013, 05:07:37 AM

Just come online today to see the Avalon stuff. Lawsuit would be madness, as I posted on the Avalon thread some days ago. Get the refund asap if it's on offer.

As for what to do - re-invest or dividend minus the costs incurred? Any other options?

Thoughts?

What about a 50/50 split on reinvestment and issuing of dividend from any available refund? The shareholders need to be taken care of in some fashion surrounding this Avalon flub.

Thoughts?

A one time lump dividend payment is bad for business.

If it was 50/50 then it should be given out over time.

There is no need for a one time lump dividend its bad for the long term goals of the company.

We just want to get a feel for what it is shareholders envision as a solution to Avalon's fiasco.

matuszed

full member

Activity: 154

Merit: 100

Quote from: ?? on ??

Quote from: Streets 2.0 on August 29, 2013, 08:42:16 AM

Quote from: ffssixtynine on August 29, 2013, 05:07:37 AM

Just come online today to see the Avalon stuff. Lawsuit would be madness, as I posted on the Avalon thread some days ago. Get the refund asap if it's on offer.

As for what to do - re-invest or dividend minus the costs incurred? Any other options?

Thoughts?

What about a 50/50 split on reinvestment and issuing of dividend from any available refund? The shareholders need to be taken care of in some fashion surrounding this Avalon flub.

Thoughts?

A one time lump dividend payment is bad for business.

If it was 50/50 then it should be given out over time.

There is no need for a one time lump dividend its bad for the long term goals of the company.

Streets 2.0

full member

Activity: 490

Merit: 101

FRX: Ferocious Alpha

Quote from: ffssixtynine on August 29, 2013, 05:07:37 AM

Just come online today to see the Avalon stuff. Lawsuit would be madness, as I posted on the Avalon thread some days ago. Get the refund asap if it's on offer.

As for what to do - re-invest or dividend minus the costs incurred? Any other options?

Thoughts?

What about a 50/50 split on reinvestment and issuing of dividend from any available refund? The shareholders need to be taken care of in some fashion surrounding this Avalon flub.

Thoughts?

VolanicEruptor

sr. member

Activity: 392

Merit: 250

Quote from: crumbs on August 29, 2013, 08:08:56 AM

Quote from: physalis on August 29, 2013, 08:04:19 AM

When do you guys imagine ActM to be hashing with their 28nm chips?
Just curious

Quote from: kslaughter on July 08, 2013, 05:46:58 PM

...
In total, around 6,377 GH/s, expected to be fully operational in the middle of August.

Nothing else could be discussed because NDA.

wtf.. You do know that he's referring to Avalon chips, not 28nm, right?? LOL.
You can't even troll properly. I'll show you sometime..

matuszed

full member

Activity: 154

Merit: 100

I think a lot of people with an appetite for chips are about to get refunded and ACTM is in the perfect position to fill that need.

zefyr0s

sr. member

Activity: 245

Merit: 250

Quote from: crumbs on August 29, 2013, 08:08:56 AM

Quote from: physalis on August 29, 2013, 08:04:19 AM

When do you guys imagine ActM to be hashing with their 28nm chips?
Just curious

Quote from: kslaughter on July 08, 2013, 05:46:58 PM

...
In total, around 6,377 GH/s, expected to be fully operational in the middle of August.

Nothing else could be discussed because NDA.

Dude, directly above that: "An order of 20,000 Avalon chips (end of May and beginging of June orders), for a combined hashrate of 20,000*282 = 5,640 GH/s."

Why would you even bother bring up the fact he hasn't met that over 6TH goal because we got no chips?

Also the question was specifically talking about mining with our 28nm chips, not the ones we're waiting on from Avalon.

crumbs

full member

Activity: 210

Merit: 100

Quote from: physalis on August 29, 2013, 08:04:19 AM

When do you guys imagine ActM to be hashing with their 28nm chips?
Just curious

Quote from: kslaughter on July 08, 2013, 05:46:58 PM

...
In total, around 6,377 GH/s, expected to be fully operational in the middle of August.

Nothing else could be discussed because NDA.

physalis

sr. member

Activity: 392

Merit: 250

When do you guys imagine ActM to be hashing with their 28nm chips?
Just curious

crumbs

full member

Activity: 210

Merit: 100

Quote from: ?? on ??

Quote from: San1ty on August 29, 2013, 07:47:27 AM

Looks like a lot of folks are losing faith, Should we be expecting a mass exodus to Labcoin?

I sure hope so, I need more cheap shares.

The NRE was paid, eASIC is on the job, we likely won't have news until a chip is born. By then you can imagine the price will go up 2-3 times at the very least.

It was? This is a fact? How much, when and to whom?

Edit: The share price gets cheaper by the day, buy plox.

crumbs

full member

Activity: 210

Merit: 100

Quote from: ?? on ??

Quote from: crumbs on August 29, 2013, 07:12:16 AM

Quote from: ?? on ??

Quote from: crumbs on August 29, 2013, 06:48:40 AM

Quote from: VinceSamios on August 29, 2013, 06:00:32 AM

... If ActM can get 10% of the mining market, then our shares are worth 1000% more than current prices, and ActM could continue to grow because ActM mining hardware is cost efficient (power costs). THIS is what makes ActM such an attractive investment.

If pigs colonized Mars, we could discuss the wisdom of building a slaughterhouse there. They didn't, so we won't.

What do you propose the total hashrate will be come January? Probably around 7-10PH?

10% is only 1PH - 62,500 "16GH" Chips or 50,000 "20GH" chips.

I guess around 2,000 Chips per wafer. so 25-32 Wafers. (Most Fabs make you order a minimum of 25 Wafers for a full run)

Also considering ASICMiner is using well over 100,000 chips I'd say this is much more probable than your pig/mars theory Wink

As we speak, Active Mining has zero wafers, netting zero chips. There are also zero pigs on Mars that i know of. The analogy is solid.

Edit: Why did you bring up AsicMiner?

Edit2: I noticed a lot of maths with absolutely no roots in reality are used to generate equally far-fetched conclusions.

Something along the lines of "if every spaceship carries just a pair of piglets, who breed during the trip, and there are 5 million spaceships making the voyage, Mars will be overcrowded by year 2034 if the ships travel at .0467c.

There are no spaceships on the way to Mars.
The nonexistent spaceships are not pigged by piglets.
There are no pigs on Mars.
Calculating pig population growth on Mars & counting the profits from selling hog oilers there is simply absurd.

Actually maths are based on other Bitcoin ASIC Chip size/Yield/Wafer Size.

At 28nm if he is only getting 20GH/Chip Maximum the chip size is probably closer to Avalons/Bitfuries and not HashFasts large chip at 400GH.

I bring up ASICMiner to show that having that many chips in a farm has already been done so it's not unrealistic (and again their chips blow and use tons of power/produce tons of heat)

This is an Security, the whole purpose of purchasing stock in this company is purely based on potential and guessing! If there were pigs on mars (Bitcoins) and we were starting a company that was selling "hog oilers" (Chips), then yes it would be appropriate to try and calculate/theorize how many new piggies we can get!

My point is fairly simple: Active Miner has no chips, and no evidence that it ever will (other than a NDA with eASIC, which means... what?).
The company's worth, at this point:
The money raised during the IPO & converted into $$$
The good name of Ken & family
The lulzy website
The NDA -- a Deathstar capable of annihilating probing questions.
6 Avalons a-hashin'.

San1ty

sr. member

Activity: 462

Merit: 250

Looks like a lot of folks are losing faith, Should we be expecting a mass exodus to Labcoin?

zumzero

hero member

Activity: 602

Merit: 500

myBitcoin.Garden

Quote from: crumbs on August 29, 2013, 07:12:16 AM

Quote from: ?? on ??

Quote from: crumbs on August 29, 2013, 06:48:40 AM

Quote from: VinceSamios on August 29, 2013, 06:00:32 AM

... If ActM can get 10% of the mining market, then our shares are worth 1000% more than current prices, and ActM could continue to grow because ActM mining hardware is cost efficient (power costs). THIS is what makes ActM such an attractive investment.

If pigs colonized Mars, we could discuss the wisdom of building a slaughterhouse there. They didn't, so we won't.

What do you propose the total hashrate will be come January? Probably around 7-10PH?

10% is only 1PH - 62,500 "16GH" Chips or 50,000 "20GH" chips.

I guess around 2,000 Chips per wafer. so 25-32 Wafers. (Most Fabs make you order a minimum of 25 Wafers for a full run)

Also considering ASICMiner is using well over 100,000 chips I'd say this is much more probable than your pig/mars theory Wink

As we speak, Active Mining has zero wafers, netting zero chips. There are also zero pigs on Mars that i know of. The analogy is solid.

Edit: Why did you bring up AsicMiner?

Edit2: I noticed a lot of maths with absolutely no roots in reality are used to generate equally far-fetched conclusions.

Something along the lines of "if every spaceship carries just a pair of piglets, who breed during the trip, and there are 5 million spaceships making the voyage, Mars will be overcrowded by year 2034 if the ships travel at .0467c.

There are no spaceships on the way to Mars.
The nonexistent spaceships are not pigged by piglets.
There are no pigs on Mars.
Calculating pig population growth on Mars & counting the profits from selling hog oilers there is simply absurd.

What a load of utter shite this guy talks!

VolanicEruptor

sr. member

Activity: 392

Merit: 250

This is not an IPO..

zefyr0s

sr. member

Activity: 245

Merit: 250

Why would pigs colonize Mars just to install a device of mass genocide?

crumbs

full member

Activity: 210

Merit: 100

Quote from: ?? on ??

Quote from: crumbs on August 29, 2013, 06:48:40 AM

Quote from: VinceSamios on August 29, 2013, 06:00:32 AM

... If ActM can get 10% of the mining market, then our shares are worth 1000% more than current prices, and ActM could continue to grow because ActM mining hardware is cost efficient (power costs). THIS is what makes ActM such an attractive investment.

If pigs colonized Mars, we could discuss the wisdom of building a slaughterhouse there. They didn't, so we won't.

What do you propose the total hashrate will be come January? Probably around 7-10PH?

10% is only 1PH - 62,500 "16GH" Chips or 50,000 "20GH" chips.

I guess around 2,000 Chips per wafer. so 25-32 Wafers. (Most Fabs make you order a minimum of 25 Wafers for a full run)

Also considering ASICMiner is using well over 100,000 chips I'd say this is much more probable than your pig/mars theory Wink

As we speak, Active Mining has zero wafers, netting zero chips. There are also zero pigs on Mars that i know of. The analogy is solid.

Edit: Why did you bring up AsicMiner?

Edit2: I noticed a lot of maths with absolutely no roots in reality are used to generate equally far-fetched conclusions.

Something along the lines of "if every spaceship carries just a pair of piglets, who breed during the trip, and there are 5 million spaceships making the voyage, Mars will be overcrowded by year 2034 if the ships travel at .0467c.

There are no spaceships on the way to Mars.
The nonexistent spaceships are not pigged by piglets.
There are no pigs on Mars.
Calculating pig population growth on Mars & counting the profits from selling hog oilers there is simply absurd.

crumbs

full member

Activity: 210

Merit: 100

Quote from: VinceSamios on August 29, 2013, 06:00:32 AM

... If ActM can get 10% of the mining market, then our shares are worth 1000% more than current prices, and ActM could continue to grow because ActM mining hardware is cost efficient (power costs). THIS is what makes ActM such an attractive investment.

If pigs colonized Mars, we could discuss the wisdom of building a slaughterhouse there. They didn't, so we won't.

Topic: [ActiveMining] The Official Active Mining Discussion Thread - page 108. (Read 479317 times)