Topic: [ActiveMining] The Official Active Mining Discussion Thread - page 189. (Read 479475 times)
Between the recent news, and very disappointing updates, I have reduced my holdings of Activemining. I am not happy with the pace relative to its competition. Things change though - we will see.
A competitor getting such credible backing takes a good chunk of the market out - it's new fair value may be only half what it stabilized at before - perhaps 0.003.
We've moved into the realm of the ridiculous now.
If ActM comes to market with 28nm before Avalon makes their first 20 nm chip, we have great chance.
So, yes, the party is far from over. Just the beginning. :-)
But, yeah, buyers alike were slaughtered today.
But I see it as a good news: Bitcoin mining sector gets publicity and attracts capital. It could also bring more investors over here, too...
-Technologov
So, yes, the party is far from over. Just the beginning. :-)
But, yeah, buyers alike were slaughtered today.
But I see it as a good news: Bitcoin mining sector gets publicity and attracts capital. It could also bring more investors over here, too...
-Technologov
I think at this point it only makes sense to sell now to cut your losses.
The truth value of the article is still dubious, after all WSJ wrote that Bitcoin was banned in Thailand when it was not the case. Even if true Avalon isn't going to be producing 20nm chips for AT LEAST 6-12 months in which time ActiveMining will get plenty of business and control a modest amount of the total hashing power. 
Unless I really study this $200 million business plan then I'm not that worried. ASICMiner is valued at $160 mill and these securities were poised to realistically compete with ASICMiner. You all studied the model and business plan for these businesses, right? That is what matters. Don't get scared by the "$200 mill" number. Throwing a bunch of money at something blindly almost never works out.
It's not blind when you invest in one of the only successful producers in the sector.
Unless I really study this $200 million business plan then I'm not that worried. ASICMiner is valued at $160 mill and these securities were poised to realistically compete with ASICMiner. You all studied the model and business plan for these securities, right? That is what matters. Don't get scared by the "$200 mill" number. Throwing a bunch of money at something blindly almost never works out.
I think at this point it only makes sense to sell now to cut your losses.
Man, seems like a monster sell off right now.
Ugh...
Ugh...
I'm pulling out too, this story is popping up all over the place.
Hahaha. Anyone else remember this other article that popped up on a WSJ owned news outlet?
http://blogs.marketwatch.com/thetell/2013/07/29/bitcoin-now-illegal-in-thailand/?mod=MW_latest_news
Man, I'd hate to be long Activemining today. That's why I don't mess with options.
When you smell smoke in a crowded nightclub, make sure to get to an exit before yelling 'Fire!'
When you smell smoke in a crowded nightclub, make sure to get to an exit before yelling 'Fire!'
This is awesome! Getting some great deals on bitfunder!
I'm pulling out too, this story is popping up all over the place.
The 28nm pool is getting crowded!
Avalon story is now on the Wall Street Journal.
"Famed Trader Joe Lewis Backs Bitcoin"
The party is over folks.
The party is over? LOL! I'd say the party is just beginning! How long until a behemoth whale finds ActiveMining "interesting"?
The 28nm pool is getting crowded!
Avalon story is now on the Wall Street Journal.
"Famed Trader Joe Lewis Backs Bitcoin"
The party is over folks.
Interesting article posted on the spec thread:
Avalon might be getting a $200 million investment and 20nm technology to become the leader of the mining market
Avalon might be getting a $200 million investment and 20nm technology to become the leader of the mining market
It's a fake news , it's about Avalon Ventures, and it shows on January 10th, 2011.
http://www.feld.com/wp/archives/2011/01/avalon-ventures-raises-a-new-200-million-fund-and-gets-a-new-website.html
Is this also fake? Or will we be trotting a different excuse for disregarding the obvious implications?
Quote
http://www.cointerra.com/team/
Dr. Sherwani is the author of a textbook on Physical Design, which is widely used as the main textbook at major universities around the world. In addition, he has authored or co-authored three books and over 100 articles on various aspects of Physical Design Automation and ASICs.
Dr. Sherwani is the author of a textbook on Physical Design, which is widely used as the main textbook at major universities around the world. In addition, he has authored or co-authored three books and over 100 articles on various aspects of Physical Design Automation and ASICs.
The 28nm pool is getting crowded!
The bids are desperately thin on bitfunder right now. If you got some free coins on BitFunder and you like ActM, put some limit orders in. Less than 15K sold to hit sub 0.004.
Just did a lil arb from BTCTC to Bitfunder, couldn't pass it up even though it took 4 hours. The time it took actually saved me some coin tho.
The bids are desperately thin on bitfunder right now. If you got some free coins on BitFunder and you like ActM, put some limit orders in. Less than 15K sold to hit sub 0.004.
Interesting article posted on the spec thread:
Avalon might be getting a $200 million investment and 20nm technology to become the leader of the mining market
Avalon might be getting a $200 million investment and 20nm technology to become the leader of the mining market
It's a fake news , it's about Avalon Ventures, and it shows on January 10th, 2011.
http://www.feld.com/wp/archives/2011/01/avalon-ventures-raises-a-new-200-million-fund-and-gets-a-new-website.html
Look at the date: "/2012/09/04/" -- no room for confusion.
Almost exactly one year ago. This company has been raising $200M every 1-2 years for the past several years. My money is on the Venture Capital firm getting $200 million, not the poorly run Bitcoin mining startup. Jump to: