I liquidated 99% of my other stocks to go all in to ActiveMining. (The only reason it's not 100%is because I couldn't sell my remaining AsicMining direct shares - In fact if anybody wishes to swap, to show prove my below statements? Let me know).
Not to go into details, however; if I sold now I would be very happy with the Bitcoins received.
This obviously puts me in the pro-ActiveMining category.
The reason I am not selling now is that I have a lot of faith in Ken, his team and our newly appointed Advisory / Shareholder Board Members.
Not to go into details, however; if I sold now I would be very happy with the Bitcoins received.
This obviously puts me in the pro-ActiveMining category.
The reason I am not selling now is that I have a lot of faith in Ken, his team and our newly appointed Advisory / Shareholder Board Members.
Just out of curiosity, why? I never really paid much attention to this forum when I was GPU mining, so I don't really know the history.
But with all the competition from companies with far more experience with Integrated Circuits within the company or work very closely with one. (KnC, HashFast, Cointerra, Labcoin, etc) why do you think ActiveMining is going to be able to keep up with network growth and make a profit?
Those companies can share all kinds of details about their chips because they designed them. Presumably some NDAs are involved but they can talk as much as they want about their own work.
From my perspective you're much better off being able to design your own chips because you can tweak the designs to get better performance, and of course you can save a ton of money by doing part of the design in house.
So, why is it you think ActiveMining is so much more likely to succeed then all the other companies out there? What do they have that the other's don't?
This is a good question, sorry to drag it up.
From speaking to Ken directly (PM, IRC & Email) on numerous occasions I got the impression that this is somebody I would be willing to back in a high risk scenario, which this is.
When the prospect of eASIC came into the picture, this was a selling point for me which helped gain the final confidence needed to buy "all-in".
I think another important point is that ActM doesn't need to be better than competitors, however in the publicly listed mining company market, ActM is the ONLY 28nm option. There is plenty of scope for ActM to take a decent chunk of the market regardless of having the best products or not. Hell, ASICMiner has one of the worst offerings, 10-13% of the market, and over $100mil valuation. 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.
I just feel ActM now have more issues regarding positioning in the market and timing, and i see no evidence, method, or reasoning from Ken/ActM, that says to me i should still carry faith. To much faith for my comfort levels at this point. 
