Topic: [ActiveMining] The Official Active Mining Discussion Thread - page 11. (Read 479317 times)

Not true.  During the second ipo they were both at .0025 :p

No but seriously I watch this stock a lot the spread has fluctuated between 5-50% so it moves a lot

OK well you explain the difference then. The gap between the exchanges has never been anywhere near this narrow. That is a fact.

edit, 140k wall on the Bids at 0.0015. I think this is the price pump to bring price down to hit that wall. Exchange gap does not disappear for no reason.

You guys cant be serious saying that the 40% spread narrowing is some kind of price manipulation

There is no way you're serious.. you have got to be trolling

No joke, there should be a 30-40% disparity in price between the two exchanges, there always has been without exception.

There is some serious pumping going on on the Bitfunder exchange. I wonder what for, I would say with the recent sell off it's to pump price before a further round of selling.
I see 0.0015 on BF before serious support is found. We have seen that the btc.co price has already fallen a long way so there is something very artificial about this BF price.

Please tell me you're joking.  It probably took a whole 5 BTC to make that happen.. 

Shares on Bitfunder seems to be around 20% overpriced right now. The usual 30-40% gap we see between the price on BF and btc.co is just not there today. What's happened, some news been released?

10:36 (S) 593 @ 0.00255300 ACTIVEMINING
Bitfunder: Below .002, nobody cares
Who'da thunked!

Let's try using some real numbers:

The network will mine BTC1,314,000/year (1 block solved every 10 minutes with a reward of BTC25) until the reward halves in 2016 (also a leap year).

To make annual return with dividends alone, the public investor's protection plan should succeed within one year (see page 1):

= 10,000,000 shares × BTC0.0025/share = BTC25,000 in dividends

From a yearly perspective, meeting just one of these goals would achieve this:

- average 1.9% of the network for a year (by mining BTC25,000 out of the available BTC1,314,000)
- average $250,000/month in hardware sales profit (BTC25,000 × $120 ∕ 12 months)

ActM has incentive to quickly meet a combined version of the above goals if they are to share in profits.

Kleeck wasn't whining eBoab, he calmly made his point and had to do so twice because of your lack of understanding.  It's clear you still don't get it.

You are deplorable and your attitude dilutes any otherwise positive arguments you make.

Yes PPC can be mined with an ASIC.

Ken needs to not just keep buying chips but put some profits back into R&D to have better chips built.

You are whining over an unimportant detail. Complicating estimate calculations will not make it more correct and is usually total waste of time. BTW, maybe you should look up what word "random" means.
Having a goal to maintain a percentage form TNH on it's own, is flat out stupid. Problem is, at some point it makes no sense to add new hardware at cost X, because this hardware will not earn back the investment made. This is like buying GPU cards or outdated FPGA's today and getting all exited about your rigs total hash rate, while you can never earn back your additional investment - total waste of money, time and energy.

How fast can Actm add new hardware to it's mining operations makes sense only to certain point in time and difficulty. After that point, it is useless to add new hardware, unless it's more efficient than chips Actm going to gave in November.
What ever they paid per chips, assembly and maintenance of running rigs, has to be calculated in and it becomes permanent part of the cost X.
Selling portion of your inventory will not lower the cost X.

I hope Ken understands this and sells as many rigs as he can. Those first lucky smart buyers will make assload of money with this equipment. Ones who wait, till it's too late, will be left holding their dicks. Sure, they can move over to PPC or similar alternatives. (Hmm... can PPC be mined with ASIC's?)

Apparently if you haven't dealt with them before, it is somewhat difficult to get in time with Global Foundries if you don't use a sort of middle-man. This was one of the problems Butterfly Labs had early on, but since has helped them.

ActM of course shouldn't have this problem as (I could be wrong here) I'm pretty sure eAsic has had dealings with them previously.

My point was simple. Your calculation is based off of a static total hashing value for ActM. That value will not be static for any mining operation. It will grow with the TNH to maintain the target percentage. Because you assumed a static hashing value for ActM your whole calculation, while already being hypothetical, is even further off.

Emphasis mine:

We hear you eBoab, the difficulty is rising. Thanks.

Then why don't you make a educated guess (with calculations), how many Gh is sold by Actm and competition and see, how it affects the difficulty.
Pulling in 4,000,000 USD in less than six months as profit is awesome result. Not sure, wtf is this kleeck character whining about.

kleeck, are you saying that if difficulty continues to rise at same the rate (thanks to all the new hardware out there, btw), adding new mining rigs in February 2014, based on the same technology, will make your profit margin to go up per Gh? Are you sure about that?

Most of the BTC out there (70%) is mined for close to nothing. Expecting BTC:fiat to dramatically increase will be nice, but in this case, we need some serious new money finding it's way to BTC world. I hope I am wrong and too pessimistic and we will see better rates than today 

Historical Difficulty Increase
30 Day    122 %
60 Day    330 %
90 Day    486 %

Can you say the same for BTC:FIAT? No, you can not, unless you start pulling numbers out of your ass

That's a hell of a lot of hash power to throw into trolling.  About $20k worth of bitfury chips, IIRC.

Bingo.

I doubt the power cost will be that great since we will be paying data center rates at Springfield Underground which probably pays 'industrial' rates that I speculate would be around $0.05-0.10/kWh. There also shouldn't be need for air conditioning because the data center is naturally cold year-round.

Also there is no way that difficulty will continue increasing 30% every increase through May. I think it will slow down considerably somewhere in the range of 1000-5000 Million (10-50x current difficulty). Bitcoin prices are also likely to go up which would drastically decrease the impact of fixed costs.