Topic: [ActiveMining] The Official Active Mining Discussion Thread - page 240. (Read 479317 times)

Of all of the stocks that I am currently aware of (which admittedly isn't too many), none have as much upside potential as ActM. Raising the money for the NRE successfully was a massive confidence booster and is why I am able to make such [at the moment] ridiculous sounding projections like I've done on the Overview and Speculation thread.

The only reason that I'm not all in is to have some dry powder should there be an unwarranted crash in price. Yes, diversify, eggs and baskets and all that. I see in ActM now what I saw in Asicminer when they were 0.75ea and the historical success seems to me to be repeatable if not beatable.

I need to rant a bit.. (positive this time)

The avalon clones are supposed to be the icing on the cake, but in the short-term this is all that a lot of investors are seeing it for, especially the noobs we see in this forum time to time asking crazy questions.

There is a huge advantage to be behind a company with a million bucks invested in an NRE for future product.
This reminds me of BASIC-MINING, in that people were only basing it's value on its orders for current and pre-order Avalon rigs, and ignoring the fact that there was a 1000 BTC cold wallet saved up just waiting to be invested..  Look at it now, 10:1 stock split followed by a return to the original price.. that's a 10x gain for a smart investor who saw that coming.

Even though I hate the way Ken communicates, I can see the same thing happening with Activemining.. people will tend to value the stock for it's dividend ROI which we'll see when the avalon chips come in, proceeding to set the share price so that we are making roughly 25% annual return from mining -- completely undervaluing the stock as if these 28nm bad boys will never see the sun.  At this point you will have the smarter investors realizing this and diving in to push this stock up aggressively.

I just hope Ken is skilled enough to pull this all off and get some actual production and assembly of the 28nm chips.  I have my doubts at times.

because the share price at the moment is 0.004 of a bitcoin. the share price can be 300 times what it is now and still not be all of the bitcoins in circulation

good choice.

Forgive my ignorance but how will this share price grow when there are 10 mil shares and only like 12 mil bitcoins in circulation?  I guess my question is how its different from a standard company thats traded in fiat with no cap?

So Activemining on bitfunder is good to go though? https://bitfunder.com/asset/ActiveMining

I think i'll buy those as they are way cheaper than the btc-tc ones.

AMC-PT on btc-tc became activemining, but if you have amc shares on bitfunder you have to tender them soon

No, AMC will be Activemining, but the two different markets will still remain separate.

you will still own the same shares, yes, but they will stay on the market you bought them on.


*Edit: You must still submit your AMC-PT shares to ken BEFORE THE 31! for them to be converted into ActiveMining shares

But there's no difference to the shares? I think I read somewhere that they will be combined into one later?

Bitfunder doesnt have as much liquidity, so it doesnt react as quickly to news

So should we buy these on bitfunder or btc-tc ? btc-tc is 0.006 while funder is 0.0045 why such discrepancy?

I got it. I understand now.

$AMC: 2013-07-11 7,711,710   ฿0.00001830   ฿141.12429300
(5,851,192/7,711,710) * ฿141.12429300 = $ActiveMining: 2013-07-11 5,851,192   ฿0.00001830   ฿107.07681360

Thanks!

A legitimate concern JMG, I hope that answers your questions.

But maybe you should have asked the questions first before throwing accusations around?

All mining hardware is still on AMC. ActiveMining has no mining hardware until AMC is liquidated. What happens is that the shares on that account receive dividends so they can be funneled to ActiveMining shareholders on a 1:1 basis.

The shares on that account are property of ActiveMining, so that it can get AMC mining dividends to pay ActiveMining shareholders.

This is a known problem with bitfunder, in that you cant post dividends only to outstanding shares, you must post dividends to ALL shares. The address that currently receives the income from mining is available on btc-tc, you can check its history against the dividends that have been given out, if you really wanted to.

Sir, you can find the address in https://bitfunder.com/assetlist

the address:

16yTynjmSe5bsRGykDaaCL5bm2pxiEfcqC

that you refer to above, does not exist.

crawl off back to the trollbox from whence you came, foul young FUDster.

I believe this is the way the exchange's work. Take it up with Ukyo or Burnside. It's nothing to do with ActiveMining and everything to do with the unregulated world of Bitcoin. That's not a discussion for this thread. See the specific exchange and SEC threads.

You should quantify your risk.

$ActiveMining on Bitfunder it says, "The first 10,000,000 ActiveMining shares have the privilege of getting all profits until BTC0.0025/share is paid, starting from the day when dividends begin to be paid."

But you know who just got paid, "AMC-TENDER" with total 5,593,805 shares.

Go to https://bitfunder.com/assetlist and look for 16yTynjmSe5bsRGykDaaCL5bm2pxiEfcqC. You know Mr. Slaughter asked shareholders to transfer their shares to "AMC-TENDER" in order to tender shares to $ActiveMining and that is why "AMC-TENDER" is holding 5,593,805 shares and got paid.

Yawn... Only another 3 days old char with "hundreds of years of experience" to demonize Activemining with his first and only post...