This should make sure all future actions are agreed upon, so we can get smooth sailing from now on.
Topic: [ActiveMining] The Official Active Mining Discussion Thread - page 276. (Read 479317 times)
Board is being formed as we speak, hold on just an inch more!
This should make sure all future actions are agreed upon, so we can get smooth sailing from now on.
This should make sure all future actions are agreed upon, so we can get smooth sailing from now on.
I have a slight problem.
I'm an AMC-PT shareholder and I want to transfer these shares for the better ones. However, do I need a bitfunder account to make this happen. The thing is, I can't get google 2-factor authentication working and my bitfunder account says you can't transfer shares without it.
Also, how would I transfer shares from BTC-TC to bitfunder?
Thanks in advance, including for your patience.
I'm an AMC-PT shareholder and I want to transfer these shares for the better ones. However, do I need a bitfunder account to make this happen. The thing is, I can't get google 2-factor authentication working and my bitfunder account says you can't transfer shares without it.
Also, how would I transfer shares from BTC-TC to bitfunder?
Thanks in advance, including for your patience.
On btct the shares will be switched to active mining ones once it gets approval.
Also Liquidity is better on btct so I'd wait till the approval goes through.
Vbs, Streets 2.0 and the others: great job!
The next barrier to overcome will probably be the convertion of Bitcoin -> USD. One of the reasons (besides expenses) for the issuing of the last 500k shares was a falling BTC/USD price and KS last calculation was done with 93.30, but he also mentioned he has a puffer now.
Such huge amounts create a wide spread, potentially move the market and there is the probability, that KS gets goxed. Furthermore and this is very important as well: there are daily and monthly withdrawal limits and large amounts need additional verification, i.e. notarized documents.
The next barrier to overcome will probably be the convertion of Bitcoin -> USD. One of the reasons (besides expenses) for the issuing of the last 500k shares was a falling BTC/USD price and KS last calculation was done with 93.30, but he also mentioned he has a puffer now.
Such huge amounts create a wide spread, potentially move the market and there is the probability, that KS gets goxed. Furthermore and this is very important as well: there are daily and monthly withdrawal limits and large amounts need additional verification, i.e. notarized documents.
I do a lot of cross exchange Arb with btc and have a lot of code with the major exchanges to break up iceberg orders . Ken I'd be more than willing to help you spread out the orderflow into USD to remove market impact. For the record I'm an algorithmic trader in equities, BTC is just a hobby, I also am a large shareholder and want to see this all work out.
+1
I have a slight problem.
I'm an AMC-PT shareholder and I want to transfer these shares for the better ones. However, do I need a bitfunder account to make this happen. The thing is, I can't get google 2-factor authentication working and my bitfunder account says you can't transfer shares without it.
Also, how would I transfer shares from BTC-TC to bitfunder?
Thanks in advance, including for your patience.
I'm an AMC-PT shareholder and I want to transfer these shares for the better ones. However, do I need a bitfunder account to make this happen. The thing is, I can't get google 2-factor authentication working and my bitfunder account says you can't transfer shares without it.
Also, how would I transfer shares from BTC-TC to bitfunder?
Thanks in advance, including for your patience.
Jimmy : to my understanding 45 nm was a backup plan in case of lack of funding for 28 nm. 45 nm costs $400,000 vs. $1,000,000 for 28 nm.
But I dunno how many chips in this $1 million bucks order.
So this 45 nm plan will be cancelled now.
Thanks. 28nm process is much more complex and difficult than 45nm process. It's better to produce 45nm chips successfully and then 28nm.
just to avoid future confusions and Voorhees moments:
1) please list the names of current management and how many shares each holds (including you).
kslaughter, as someone else pointed out, you must have plenty of free time on your hands to hang around here. Because you used to get straight A's in econ class:
2) on what date can we expect the proper financial reports from you?
1) please list the names of current management and how many shares each holds (including you).
kslaughter, as someone else pointed out, you must have plenty of free time on your hands to hang around here.
Because you used to get straight A's in econ class:2) on what date can we expect the proper financial reports from you?
Vbs, Streets 2.0 and the others: great job!
The next barrier to overcome will probably be the convertion of Bitcoin -> USD. One of the reasons (besides expenses) for the issuing of the last 500k shares was a falling BTC/USD price and KS last calculation was done with 93.30, but he also mentioned he has a puffer now.
Such huge amounts create a wide spread, potentially move the market and there is the probability, that KS gets goxed. Furthermore and this is very important as well: there are daily and monthly withdrawal limits and large amounts need additional verification, i.e. notarized documents.
The next barrier to overcome will probably be the convertion of Bitcoin -> USD. One of the reasons (besides expenses) for the issuing of the last 500k shares was a falling BTC/USD price and KS last calculation was done with 93.30, but he also mentioned he has a puffer now.
Such huge amounts create a wide spread, potentially move the market and there is the probability, that KS gets goxed. Furthermore and this is very important as well: there are daily and monthly withdrawal limits and large amounts need additional verification, i.e. notarized documents.
I do a lot of cross exchange Arb with btc and have a lot of code with the major exchanges to break up iceberg orders . Ken I'd be more than willing to help you spread out the orderflow into USD to remove market impact. For the record I'm an algorithmic trader in equities, BTC is just a hobby, I also am a large shareholder and want to see this all work out.
Ken: please consider making auction for batch #2 mines at VMC.
The company should solve supply and demand issues and no reason to give this job to ebay peddlers, who buy Avalon at $1300 and resell at $30,000. The company can make extra profit.
But having mines ready to ship is critical for auction to become a success.
Jimmy : to my understanding 45 nm was a backup plan in case of lack of funding for 28 nm. 45 nm costs $400,000 vs. $1,000,000 for 28 nm.
But I dunno how many chips in this $1 million bucks order.
So this 45 nm plan will be cancelled now.
The company should solve supply and demand issues and no reason to give this job to ebay peddlers, who buy Avalon at $1300 and resell at $30,000. The company can make extra profit.
But having mines ready to ship is critical for auction to become a success.
Jimmy : to my understanding 45 nm was a backup plan in case of lack of funding for 28 nm. 45 nm costs $400,000 vs. $1,000,000 for 28 nm.
But I dunno how many chips in this $1 million bucks order.
So this 45 nm plan will be cancelled now.
Will ActM only design and produce 28nm chips, or will ActM also conduct 45nm chips as described in the details of AMC-PT at btct? But from the OP here, only 28nm chips are considered.
I suggest perform a combination of 45nm chips and 28nm chips design and production.
Thanks.
I suggest perform a combination of 45nm chips and 28nm chips design and production.
Thanks.
Thanx, I see now. you replied before I could delete my comment. :-)
Icebreaker looks like a good candidate for director.
Yes, I would think so.
It's my understanding that:
a) He will only sell remaining unsold shares when funds are needed.
b) Shares will be released at market price after a sufficient warning is given.
As long as the above two stipulations are followed, I can't think of any reason why the market wouldn't be active.
Ken, I know your busy, but at some point it would be good to clarify your plans on the above and release the amount of shares that are remaining to be sold. (edit... meaning relay to us the quantity that are left)
I personally can't wait until the never ending IPO is over and the market can be left to do what it will do.
a) He will only sell remaining unsold shares when funds are needed.
b) Shares will be released at market price after a sufficient warning is given.
As long as the above two stipulations are followed, I can't think of any reason why the market wouldn't be active.
Ken, I know your busy, but at some point it would be good to clarify your plans on the above and release the amount of shares that are remaining to be sold. (edit... meaning relay to us the quantity that are left)
I personally can't wait until the never ending IPO is over and the market can be left to do what it will do.
The shares now released are all that are necessary for the remaining funding that I have posted before. The NRE, which I believe is the most important and most critical, to the success of the project has been funded. The time to get this funded was also critical as eASIC has a ton of business for their 28nm design. So to reach the NRE funding we used funds allocated to other uses and now need to make up that funding by offering the above shares, or by pre-order sales and payment for those sales. This is a great time for the company and all of its shareholders.
Icebreaker looks like a good candidate for director.
Vbs, Streets 2.0 and the others: great job!
The next barrier to overcome will probably be the convertion of Bitcoin -> USD. One of the reasons (besides expenses) for the issuing of the last 500k shares was a falling BTC/USD price and KS last calculation was done with 93.30, but he also mentioned he has a puffer now.
Such huge amounts create a wide spread, potentially move the market and there is the probability, that KS gets goxed. Furthermore and this is very important as well: there are daily and monthly withdrawal limits and large amounts need additional verification, i.e. notarized documents.
The next barrier to overcome will probably be the convertion of Bitcoin -> USD. One of the reasons (besides expenses) for the issuing of the last 500k shares was a falling BTC/USD price and KS last calculation was done with 93.30, but he also mentioned he has a puffer now.
Such huge amounts create a wide spread, potentially move the market and there is the probability, that KS gets goxed. Furthermore and this is very important as well: there are daily and monthly withdrawal limits and large amounts need additional verification, i.e. notarized documents.
So what is the solution? These are early days in Bitcoin. We don't have currency brokers or any of the exotic derivatives that could help in this situation. What's a seller to do? Drip feed
Vbs, Streets 2.0 and the others: great job!
The next barrier to overcome will probably be the convertion of Bitcoin -> USD. One of the reasons (besides expenses) for the issuing of the last 500k shares was a falling BTC/USD price and KS last calculation was done with 93.30, but he also mentioned he has a puffer now.
Such huge amounts create a wide spread, potentially move the market and there is the probability, that KS gets goxed. Furthermore and this is very important as well: there are daily and monthly withdrawal limits and large amounts need additional verification, i.e. notarized documents.
The next barrier to overcome will probably be the convertion of Bitcoin -> USD. One of the reasons (besides expenses) for the issuing of the last 500k shares was a falling BTC/USD price and KS last calculation was done with 93.30, but he also mentioned he has a puffer now.
Such huge amounts create a wide spread, potentially move the market and there is the probability, that KS gets goxed. Furthermore and this is very important as well: there are daily and monthly withdrawal limits and large amounts need additional verification, i.e. notarized documents.
It's my understanding that:
a) He will only sell remaining unsold shares when funds are needed.
b) Shares will be released at market price after a sufficient warning is given.
As long as the above two stipulations are followed, I can't think of any reason why the market wouldn't be active.
Ken, I know your busy, but at some point it would be good to clarify your plans on the above and release the amount of shares that are remaining to be sold.
I personally can't wait until the never ending IPO is over and the market can be left to do what it will do.
I enjoy discussing your points, don't want you to think i'm becoming hostile towards you by replying all the time.a) He will only sell remaining unsold shares when funds are needed.
b) Shares will be released at market price after a sufficient warning is given.
As long as the above two stipulations are followed, I can't think of any reason why the market wouldn't be active.
Ken, I know your busy, but at some point it would be good to clarify your plans on the above and release the amount of shares that are remaining to be sold.
I personally can't wait until the never ending IPO is over and the market can be left to do what it will do.
a)Why are funds still needed? We reach the NRE days ago, he even announced it via btct.co and here.
b)that's the problem, he is not releasing shares at market price, he is undercutting the market. market price is dictated by supply and demand. as demand increases, supply goes down, and price increases. However what we're dealing with is a stagnant demand, caused by a seemingly bottomless supply of shares, being issued below the current price point. This is economics 101 stuff. How can you defend his actions?
'Never ending IPO' is quite true at this rate.
Listen, i understand sometimes in life we have to suspend disbelief and rely on sheer hope and faith that things 'will' go right. However, that will not happen here without some serious immediate action by kslaughter, who seems content to just check in semi-weekly, ignore questions, and present a generally lackadaisical attitude about it all.
I smell Stinky Fish.... 
It's my understanding that:
a) He will only sell remaining unsold shares when funds are needed.
b) Shares will be released at market price after a sufficient warning is given.
As long as the above two stipulations are followed, I can't think of any reason why the market wouldn't be active.
Ken, I know your busy, but at some point it would be good to clarify your plans on the above and release the amount of shares that are remaining to be sold. (edit... meaning relay to us the quantity that are left)
I personally can't wait until the never ending IPO is over and the market can be left to do what it will do.
a) He will only sell remaining unsold shares when funds are needed.
b) Shares will be released at market price after a sufficient warning is given.
As long as the above two stipulations are followed, I can't think of any reason why the market wouldn't be active.
Ken, I know your busy, but at some point it would be good to clarify your plans on the above and release the amount of shares that are remaining to be sold. (edit... meaning relay to us the quantity that are left)
I personally can't wait until the never ending IPO is over and the market can be left to do what it will do.
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