Topic: [ActiveMining] The Official Active Mining Discussion Thread - page 302. (Read 479317 times)
So with over 1 million shares sold at BTCT and a significant amount sold at Bitfunder when Ken initially placed the wall at .0025 + the 2.2k BTC that Kenneth said was in reserves at the end of last month + 580k USD from pre-orders means that right now the NRE should be completely filled, right?
There's now a 250k sell wall at BTC0.00250 on BitFunder, I don't remember that being there before.
proud to be the one pushing the BTC-TC wall below 1,000,000 
Very nice!
Wall under 1M!!
proud to be the one pushing the BTC-TC wall below 1,000,000
There's now a 250k sell wall at BTC0.00250 on BitFunder, I don't remember that being there before.
Or maybe I'm mistaken?
Or maybe I'm mistaken?
Woohoo for contradictory info O.o
In any case, it looks like Ken does in fact have enough funds for the NRE by the August 2nd (?) deadline. Worst case scenario looks to be the wall coming down at that time, maybe earlier if people continue to buy big chunks of shares.
In any case, it looks like Ken does in fact have enough funds for the NRE by the August 2nd (?) deadline. Worst case scenario looks to be the wall coming down at that time, maybe earlier if people continue to buy big chunks of shares.
The deadline wasn't locked in stone, Ken already talked with his counterparts and confirmed this.
the deadline for the NRE is 30 days from july 2nd, correct? That means if you don't have the 1 million raised by august 1st, you will rely only on other manufacturers chips from that point, rather than your own...
yes it's icing on the cake, but a lot of people are betting on that icing.. for you to have rights to a superior chip that nobody else does would mean you would have an upper hand on the market
yes it's icing on the cake, but a lot of people are betting on that icing.. for you to have rights to a superior chip that nobody else does would mean you would have an upper hand on the market
We have just launched our Fast-Hash-One machines yesterday and already have sales of $62,799.00 so it is not going to take more than a week at this rate to have the NRE. I have also talked to the Director of Sales and those 30 days were just our original estimate to them to get the funds. There is no fixed deadline, but of course we want to start producing chips asap.
Woohoo for contradictory info O.o
In any case, it looks like Ken does in fact have enough funds for the NRE by the August 2nd (?) deadline. Worst case scenario looks to be the wall coming down at that time, maybe earlier if people continue to buy big chunks of shares.
In any case, it looks like Ken does in fact have enough funds for the NRE by the August 2nd (?) deadline. Worst case scenario looks to be the wall coming down at that time, maybe earlier if people continue to buy big chunks of shares.
It's not a deadline just the planned for date. He has confirmed this with other party.
So can we get a confirmation Kenneth is using the preorder money for the NRE? I just bought 10 BTC worth and am wondering whether or not I should invest more, as if Kenneth is using that 580k some dollars worth of pre-sales then the 1 million NRE should be funded in no time.
Correct that is exactly what he is doing with it. Wall will come down once NRE funds met.
He's currently waiting for the wire transfers of those, the wall will last until the scale is balanced from both sides I think.
Woohoo for contradictory info O.o
In any case, it looks like Ken does in fact have enough funds for the NRE by the August 2nd (?) deadline. Worst case scenario looks to be the wall coming down at that time, maybe earlier if people continue to buy big chunks of shares.
In any case, it looks like Ken does in fact have enough funds for the NRE by the August 2nd (?) deadline. Worst case scenario looks to be the wall coming down at that time, maybe earlier if people continue to buy big chunks of shares.
So can we get a confirmation Kenneth is using the preorder money for the NRE? I just bought 10 BTC worth and am wondering whether or not I should invest more, as if Kenneth is using that 580k some dollars worth of pre-sales then the 1 million NRE should be funded in no time.
Correct that is exactly what he is doing with it. Wall will come down once NRE funds met.
So can we get a confirmation Kenneth is using the preorder money for the NRE? I just bought 10 BTC worth and am wondering whether or not I should invest more, as if Kenneth is using that 580k some dollars worth of pre-sales then the 1 million NRE should be funded in no time.
He is gonna use those pre-orders to cover any needs left for the NRE. The pre-orders were always the backup plan.
At the rate the wall is going down I think they won't even be needed... And everyone is gonna have a SWEET dividend from those in the future!
So can we get a confirmation Kenneth is using the preorder money for the NRE? I just bought 10 BTC worth and am wondering whether or not I should invest more, as if Kenneth is using that 580k some dollars worth of pre-sales then the 1 million NRE should be funded in no time.
dayum...
looks like a feeding frenzy.
someone just bought a shitload of shares. Best of luck to that buyer.
Fixed it.
July 11th 2,100,000
July 14th 1,683,441
July 18th 1,291,509
Oops: 1,283,178
WHOA!
5 mins later: 1,045,777
wall's evaporating.
July 11th 2,100,000
July 14th 1,683,441
July 18th 1,291,509
Oops: 1,283,178
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