[ActiveMining] The Official Active Mining Discussion Thread - page 201.

ArcticWolf

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Activity: 196

Merit: 100

Quote from: kslaughter on July 31, 2013, 06:18:01 PM

Hello all! I just wanted to pass along a few updates while I am onsite meeting with the engineering firm regarding the Avalon clones. First though, I would like to apologize for the delay on transferring the shares from AMC-TENDER back into your accounts on BitFunder as ActiveMining shares. It has been a hectic week(s) and I have not had time to get these processed. I am planning on having all of the tendered shares in AMC-TENDER out the door by end of business Friday along with dividends after the transfer. I cannot get to these until Friday because I am still on the west coast finalizing some orders of business with the engineers on the prototypes.

Remaining shares that are not in the AMC-TENDER account:

I have talked to Ukyo, hopefully, regarding the remaining shares on AMC BitFunder, and what we can do to get them automatically processed and transferred over to ActiveMining. At this point, I would like to request that no one else sends me their AMC shares to AMC-TENDER, so that they can all be converted automatically. I will manually tender any remaining shares in the queue before then as well so no one is left behind.

Dividends will be on Friday

Mabsark

legendary

Activity: 826

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Quote from: funkymunky on August 01, 2013, 01:32:26 PM

Quote from: Mabsark on August 01, 2013, 12:07:07 PM

Quote from: funkymunky on August 01, 2013, 06:30:31 AM

Quote from: Mabsark on July 31, 2013, 05:19:57 PM

I don't have the shares and I have no idea when I will get them back off Ken. If you're okay with that though, I'd be willing to sell you 2000 shares @ 0.0055 BTC each for a total of 11 BTC. I don't know why you would want to do that though, but it's your choice.

Does this offer still stand?

Yes, if anyone is interested, the offer still stands.

I've replied to your PM about taking these
Thank you

No deal made due to funkymunkey not trusting me to send him the shares and the offer is now rescinded.

wonker

member

Activity: 103

Merit: 10

Hmm still no dividens this week? Ken still seems on meetings?

iCEBREAKER

legendary

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Crypto is the separation of Power and State.

Quote from: EskimoBob on August 01, 2013, 10:29:13 AM

All I am actually asking for, is one forum thread, with only Ken's regular announcements

No brain-farts, no fanboys dry-humping Kens leg. Only regular official statements from Ken.

It's not that hard to make a moderated thread and close this cluster fuck down for good.

If you only want to see official updates, look at the news tab on BF or BTCT and avoid this thread. It's not that hard.

This is bitcoinTALK and expecting a 'protect EskimoBob's delicate widdle feeweens from sads' thread, where TALK isn't allowed, is the pipe dream of an imbecile.

EskimoBob

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Quality Printing Services by Federal Reserve Bank

Quote from: lewicki on August 01, 2013, 08:16:05 PM

Bitcoin difficulty / ROI chart
http://sdrv.ms/16njy51

credit goes to:
http://www.reddit.com/user/sdmented

Looks like a good illustration for "Why you should not buy mining ~~bonds~~ turds"
Only equipment that will leave you in green is the imaginary ones a.k.a "in development". If I recall correctly, promises of grate fortune where made by ASICminer from China.
I guess, if the 28nm chip materializes on schedule, lots of people are going to have a lot of useless "old" hardware. Are we going to see more mining ~~bond~~ turds issued, searching for stupid money? Probably.

lewicki

sr. member

Activity: 294

Merit: 250

Bitcoin difficulty / ROI chart
http://sdrv.ms/16njy51

credit goes to:
http://www.reddit.com/user/sdmented

grimholt

member

Activity: 104

Merit: 10

Quote from: VolanicEruptor on August 01, 2013, 12:19:53 AM

I did some simple math to figure out the Annual Return rate on dividends once we have 6TH/S up and running.

First of all, lets make two assumptions in this scenerio:
.005 share price
Avalon clones are up and running in September
Difficulty doubles in 1 month from now (~60,000,000)

Ken would mine 50 BTC/day over a 24 hour period
or 350 BTC/week

350 BTC / 10,000,000 shares = .000035BTC / share weekly dividend

.000035BTC x 52 weeks = .00182BTC/share annual dividend total

.00182BTC/share anually is 36.4%

Okay, now that we have established 36.4% Annual Return, I'm going to describe why I fucking love this number.
36.4% annual return in bitcoin land is what we would expect from a company based on what they currently have, in this case it will be the Avalon clones about a month from now.

What I'm saying is that, even if this eASIC project were to be flushed down the shitter at this very moment, we could survive with a very healthy return on the Avalons alone!

This is why I view the eASIC deal as ICING ON THE CAKE. We're not talking about your regular icing, though. We're talking about 100 feet of thick creamy frosty icing with hundred dollar bills sticking out.

This is one hell of a fucking cake, ladies and gentlemen.

Quote from: VolanicEruptor on August 01, 2013, 12:41:46 AM

Look at a company like BASICmining, their share value reflected their current equipment without any kind of development of their own.
You don't look at it and say "Oh this won't be profitable a year from now!". Obviously every company is going to attempt to adapt, whether it be purchasing new equipment or making their own, but so far I have noticed that current hashrate is the dominating factor of share value.

I should have added one last assumption:
"The company continues to adapt to increasing difficulty through various means".

Same with ASICminer. You don't base your annual return projection on a constant hashrate for an entire year. You expect them to continue growing, but the current hashrate is all you can base the true value on as adaptations aren't as predictable.

In the end, the current dividends are what matters to people, and from there you can only make guesses on the miners ability to maintain this. 36% is incredible.

I like the way you think, VE. Grin

Vbs

hero member

Activity: 504

Merit: 500

Quote from: FloatesMcgoates on August 01, 2013, 02:00:12 PM

Wont tendering all AMC shares put the overall amount of ActiveMining shares well over 25,000,000?

Nope, since all AMC shares in the "AMC-TENDER" account will have to be de-issued first. The final total of ActM shares should be ~9.7M.

FloatesMcgoates

full member

Activity: 238

Merit: 100

Wont tendering all AMC shares put the overall amount of ActiveMining shares well over 25,000,000?

funkymunky

sr. member

Activity: 283

Merit: 250

Quote from: Mabsark on August 01, 2013, 12:07:07 PM

Quote from: funkymunky on August 01, 2013, 06:30:31 AM

Quote from: Mabsark on July 31, 2013, 05:19:57 PM

I don't have the shares and I have no idea when I will get them back off Ken. If you're okay with that though, I'd be willing to sell you 2000 shares @ 0.0055 BTC each for a total of 11 BTC. I don't know why you would want to do that though, but it's your choice.

Does this offer still stand?

Yes, if anyone is interested, the offer still stands.

I've replied to your PM about taking these
Thank you

Mabsark

legendary

Activity: 826

Merit: 1004

Quote from: funkymunky on August 01, 2013, 06:30:31 AM

Quote from: Mabsark on July 31, 2013, 05:19:57 PM

I don't have the shares and I have no idea when I will get them back off Ken. If you're okay with that though, I'd be willing to sell you 2000 shares @ 0.0055 BTC each for a total of 11 BTC. I don't know why you would want to do that though, but it's your choice.

Does this offer still stand?

Yes, if anyone is interested, the offer still stands.

Streets 2.0

full member

Activity: 490

Merit: 101

FRX: Ferocious Alpha

Quote from: EskimoBob on August 01, 2013, 10:29:13 AM

All I am actually asking for, is one forum thread, with only Ken's regular announcements

No brain-farts, no fanboys dry-humping Kens leg. Only regular official statements from Ken.

It's not that hard to make a moderated thread and close this cluster fuck down for good.

Not that I wouldn't like for there to be more exposure, but in a way this already exists.

https://bitcointalksearch.org/user/kslaughter-1707

If you don't like all the clutter, believe me I don't either, just bookmark that link to only see Ken's updates. There are already three threads dedicated to ActM, the AMC initial thread could be locked and closed, I have already transferred over all the important information from that thread anyway.

Vbs

hero member

Activity: 504

Merit: 500

Quote from: SamuelSG on August 01, 2013, 10:38:12 AM

Just looking for some clarity here, as I understand it, the July 31 deadline for tendering AMC shares is moot, and they are supposedly going to be automatically converted on BitFunder now?

I have a few thousand still in the tender, but after the long wait, haven't put the rest there.

Is my understanding correct?

Yep! Any current AMC shares will be tendered automatically by Ukyo (BitFunder's Admin) and any already sent to Ken will be manually tendered by him, as usual.

EskimoBob

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Activity: 910

Merit: 1000

Quality Printing Services by Federal Reserve Bank

Quote from: SamuelSG on August 01, 2013, 10:38:12 AM

Just looking for some clarity here, as I understand it, the July 31 deadline for tendering AMC shares is moot, and they are supposedly going to be automatically converted on BitFunder now?

I have a few thousand still in the tender, but after the long wait, haven't put the rest there.

Is my understanding correct?

See page #1 https://bitcointalksearch.org/topic/activemining-the-official-active-mining-discussion-thread-252531

SamuelSG

newbie

Activity: 58

Merit: 0

Just looking for some clarity here, as I understand it, the July 31 deadline for tendering AMC shares is moot, and they are supposedly going to be automatically converted on BitFunder now?

I have a few thousand still in the tender, but after the long wait, haven't put the rest there.

Is my understanding correct?

AngelSky

hero member

Activity: 1008

Merit: 537

Quote from: canth on August 01, 2013, 08:59:13 AM

Quote from: bobboooiie on August 01, 2013, 08:45:39 AM

Quote from: drdanishkhan on August 01, 2013, 06:48:14 AM

Its been ages since Friedcat posted anything on the threads..

2 whole days ?

2 entire bitcoindays. That's forever in bitcoinlandia, where if your company can't return >1000% investment returns in 3 months, it's dead. Wink

rofl, so true.

EskimoBob

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Quality Printing Services by Federal Reserve Bank

All I am actually asking for, is one forum thread, with only Ken's regular announcements

No brain-farts, no fanboys dry-humping Kens leg. Only regular official statements from Ken.

It's not that hard to make a moderated thread and close this cluster fuck down for good.

BitcoinForumator

legendary

Activity: 1120

Merit: 1000

Quote from: Streets 2.0 on August 01, 2013, 10:06:36 AM

Quote from: ?? on ??

We should add FriedVbs to the "fried" list.

LOL we are the antithesis apparently, how about Grilled??? Tongue

Sure, and RoastedStreets.

Streets 2.0

full member

Activity: 490

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FRX: Ferocious Alpha

Quote from: ?? on ??

We should add FriedVbs to the "fried" list.

LOL we are the antithesis apparently, how about Grilled??? Tongue

adub

full member

Activity: 171

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Changing avatars is currently not possible.

Quote from: LorenzoMoney on August 01, 2013, 07:14:57 AM

Would like to propose a NEW THREAD for ActM.
And, the only people who should be permitted to post in that thread would be shareholders who have over 100,000 shares on ActM on any exchange.

Does ActM really need another thread on here? Well, not really. Three is quite enough, but the bigger share holders seem all to have long term perspectives, have some common interests, and it might be an interesting conversation. I, myself, decided to buy AMC in quantity, because Ken made the offer of a discounted price on the Fast Hash 80 to anyone who 100K shares or more. I am hoping that offer still holds. What do the above 100k shares shareholders think? Would you all like a thread that was more limited to the serious, less speculative investors?

I think it's a good idea but there unless the admins of bitcointalk create a special membergroup for ActM shareholders with 100k+ shares, posting can't be restricted.

Topic: [ActiveMining] The Official Active Mining Discussion Thread - page 201. (Read 479317 times)