[ActiveMining] The Official Active Mining Discussion Thread - page 305.

kslaughter

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Quote from: kleeck on July 18, 2013, 02:23:08 PM

Quote from: Stuartuk on July 18, 2013, 02:08:50 PM

I can't see price going down from here not back to 20 so today is the time to load up more if you ever want to.

Considerations for my timing:

1. Friedcat may release an announcement in the middle of next week, this announcement may cause a spike in AM share value, as FC's announcements often do. This would allow me to sell out at a nice peak.

2. I need to get my ActM shares BEFORE the sell wall falls. If Ken receives the money from pre-orders in the next three days he may take the sell wall down before it is purchased up, unleashing The Kraken.

3. I'd like to get the absolute best value from my investments, so I want to optimize my timing/share value during this phase of growth.

Decisions, decisions...

Quote from: kslaughter on July 18, 2013, 02:20:20 PM

Quote from: neilol on July 18, 2013, 02:14:48 PM

I'm buying more as well.

Ken - do we get some kind of estimate or announcement as to when sell wall goes down? Or are you just going to pull it?

It will be announced in the this thread right before the wall goes down.

Are we getting closer to this event? It'd be nice to have more of a heads-up than a post on a forum we may or may not be watching. So far we've done our own math to figure out how close we are to the NRE, can you confirm that in three days you should have the total NRE and at that point you will pull the wall down?

No, I can't at the point.

kleeck

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https://karatcoin.co

Quote from: Stuartuk on July 18, 2013, 02:08:50 PM

I can't see price going down from here not back to 20 so today is the time to load up more if you ever want to.

Considerations for my timing:

1. Friedcat may release an announcement in the middle of next week, this announcement may cause a spike in AM share value, as FC's announcements often do. This would allow me to sell out at a nice peak.

2. I need to get my ActM shares BEFORE the sell wall falls. If Ken receives the money from pre-orders in the next three days he may take the sell wall down before it is purchased up, unleashing The Kraken.

3. I'd like to get the absolute best value from my investments, so I want to optimize my timing/share value during this phase of growth.

Decisions, decisions...

Quote from: kslaughter on July 18, 2013, 02:20:20 PM

Quote from: neilol on July 18, 2013, 02:14:48 PM

I'm buying more as well.

Ken - do we get some kind of estimate or announcement as to when sell wall goes down? Or are you just going to pull it?

It will be announced in the this thread right before the wall goes down.

Are we getting closer to this event? It'd be nice to have more of a heads-up than a post on a forum we may or may not be watching. So far we've done our own math to figure out how close we are to the NRE, can you confirm that in three days you should have the total NRE and at that point you will pull the wall down?

Vbs

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Merit: 500

Quote from: neilol on July 18, 2013, 02:14:48 PM

I'm buying more as well.

Ken - do we get some kind of estimate or announcement as to when sell wall goes down? Or are you just going to pull it?

He's waiting on the wire transfers for the purchases, so as soon as those clear and the total amount of funds is enough to pay the NRE cost and any other immediate expenses, the wall should go down in a snap.

The current price of .0025 is fair enough for a company wishing to gather funds for chip development, but cheap for one that already has a chip incoming guaranteed. Whole different beasts! Grin

kleeck

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Activity: 532

Merit: 500

https://karatcoin.co

Quote from: Stuartuk on July 18, 2013, 02:08:50 PM

I can't see price going down from here not back to 20 so today is the time to load up more if you ever want to.

Considerations for my timing:

1. Friedcat may release an announcement in the middle of next week, this announcement may cause a spike in AM share value, as FC's announcements often do. This would allow me to sell out at a nice peak.

2. I need to get my ActM shares BEFORE the sell wall falls. If Ken receives the money from pre-orders in the next three days he may take the sell wall down before it is purchased up, unleashing The Kraken.

3. I'd like to get the absolute best value from my investments, so I want to optimize my timing/share value during this phase of growth.

Decisions, decisions...

kslaughter

sr. member

Activity: 476

Merit: 250

Quote from: neilol on July 18, 2013, 02:14:48 PM

I'm buying more as well.

Ken - do we get some kind of estimate or announcement as to when sell wall goes down? Or are you just going to pull it?

It will be announced in the this thread right before the wall goes down.

Should we get a couple of more big sales and the wire transfers are received, then the wall could go down in an instance.

neilol

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Activity: 302

Merit: 250

I'm buying more as well.

Ken - do we get some kind of estimate or announcement as to when sell wall goes down? Or are you just going to pull it?

Stuartuk

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Activity: 266

Merit: 250

I can't see price going down from here not back to 20 so today is the time to load up more if you ever want to.

sebastienurbain

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Merit: 10

Quote from: kleeck on July 18, 2013, 01:51:30 PM

I'm seriously considering liquidating my "other venture" (AKA: AM)shares to put me further in on ActM. I'm just taking it as slow as I possibly can. I don't want to regret anything, but as time goes on ActM is looking more and more delicious and that sell wall isn't going to last much longer...

This is exactly what I have done. I've got 100% of my coins in Active Mining.

kleeck

hero member

Activity: 532

Merit: 500

https://karatcoin.co

Quote from: Streets 2.0 on July 18, 2013, 01:12:50 PM

Quote from: kleeck on July 18, 2013, 12:55:12 PM

What do you think TGB requires to get your miner placed on this list?:

http://mining.thegenesisblock.com/

We should certainly look into it!

I sent them an email in regards to this already and gave them the links, along with specs:

Quote

Hello, I am emailing you today to hopefully get the current ASIC hardware dashboard updated with the Fast Hash machines in preparation by Active Mining in cooperation with Virtual Mining Corp. We are nearing the completition of our NRE and the chips are soon to go into production. The machines slated for production are as follows:

Fast-Hash-One Bitcoin Mining Machine

http://virtualminingcorp.com/shop1/index.php?id_product=10&controller=product

Fast-Hash-One (Requires you to select at least ONE hashing card), the base unit uses 200 Watts of power.

OPTIONS:

Hashing Cards: Select the number of hashing card(s). You will need at least one of these to allow the base unit to mine for bitcoins. Each card is 256 GH/s and uses 200 Watts of power.

The base unit allows for up to 6 cards and goes from 256 GH/s to 1.536 TH/s.

Expansion Cases: Select the number of Expansion case(s). You can add up to 6 Expansion Cases and 96 cards for a total hashing rate of 24.576 TH/s

Fast-Hash-One 256 GH/s Module

http://virtualminingcorp.com/shop1/index.php?id_product=12&controller=product

Fast-Hash-One 256 GH/s Module 256 GH/s for the Fast-Hash-One Base Unit, this is an expansion only card.

Thank you,

Can you tell I am excited for this venture?

You're my hero.

Quote from: stslimited on July 18, 2013, 01:35:12 PM

I would buy in more, but I'm all tied up in other ventures at this point

I'm seriously considering liquidating my "other venture" (AKA: AM)shares to put me further in on ActM. I'm just taking it as slow as I possibly can. I don't want to regret anything, but as time goes on ActM is looking more and more delicious and that sell wall isn't going to last much longer...

stslimited

hero member

Activity: 546

Merit: 500

I would buy in more, but I'm all tied up in other ventures at this point

Streets 2.0

full member

Activity: 490

Merit: 101

FRX: Ferocious Alpha

Quote from: kleeck on July 18, 2013, 12:55:12 PM

What do you think TGB requires to get your miner placed on this list?:

http://mining.thegenesisblock.com/

We should certainly look into it!

I sent them an email in regards to this already and gave them the links, along with specs:

Quote

Hello, I am emailing you today to hopefully get the current ASIC hardware dashboard updated with the Fast Hash machines in preparation by Active Mining in cooperation with Virtual Mining Corp. We are nearing the completition of our NRE and the chips are soon to go into production. The machines slated for production are as follows:

Fast-Hash-One Bitcoin Mining Machine

http://virtualminingcorp.com/shop1/index.php?id_product=10&controller=product

Fast-Hash-One (Requires you to select at least ONE hashing card), the base unit uses 200 Watts of power.

OPTIONS:

Hashing Cards: Select the number of hashing card(s). You will need at least one of these to allow the base unit to mine for bitcoins. Each card is 256 GH/s and uses 200 Watts of power.

The base unit allows for up to 6 cards and goes from 256 GH/s to 1.536 TH/s.

Expansion Cases: Select the number of Expansion case(s). You can add up to 6 Expansion Cases and 96 cards for a total hashing rate of 24.576 TH/s

Fast-Hash-One 256 GH/s Module

http://virtualminingcorp.com/shop1/index.php?id_product=12&controller=product

Fast-Hash-One 256 GH/s Module 256 GH/s for the Fast-Hash-One Base Unit, this is an expansion only card.

Thank you,

Can you tell I am excited for this venture?

kleeck

hero member

Activity: 532

Merit: 500

https://karatcoin.co

What do you think TGB requires to get your miner placed on this list?:

http://mining.thegenesisblock.com/

We should certainly look into it!

lolstate

full member

Activity: 196

Merit: 100

Quote from: ChefBorjan on July 18, 2013, 12:07:49 PM

I wonder, how well announced was the fact that the walls will be pulled once the NRE is made? Does that even matter really? Probably not I guess.

Price will spike when the walls go. People will notice that even if they've missed the announcement.

ChefBorjan

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I wonder, how well announced was the fact that the walls will be pulled once the NRE is made? Does that even matter really? Probably not I guess.

kleeck

hero member

Activity: 532

Merit: 500

https://karatcoin.co

Quote from: Vbs on July 18, 2013, 11:16:44 AM

Quote from: kleeck on July 18, 2013, 10:36:55 AM

So that leaves us with an outstanding $411,365 or BTC4113.65 (@$100:BTC1 - which is ambitious at the time of this writing). At current share price, .0025, we would require 1,645,460 shares to be sold to provide for the NRE.

Also, I'm curious about the orders. Can you release any further information? Are these from a couple groups or many individuals? Can pre-orders be reversed? If so how would you handle the lost NRE fund money?

All-in-all, pretty exciting news! Looking forward to the physical product hitting the market. That's where the real break out will occur.

No, you are not accounting for all the shares currently sold already for this.

1) From the ~24th June to ~28th June:

Quote from: grimholt on June 28, 2013, 02:24:18 AM

.0025 Shares sold on Bifunder: 432,649
.0025 Shares sold on BTC-TC: 511,678
Total: 944,327

944323/4000000 = 0.23608075 = ~23.6 % funded

Which should account for BTC2360.8075.

2) Btct.co shares are currently at 1,133,207, so that's more 621,529 shares sold (should even be more since some were tendered to BF) for BTC1553.8225.

3) Ken's balance at the end of June was BTC2451.84 (not accounting for point #1, just the leftover funds from the initial IPO of 5M shares)

Current Bitcoin Total: ~BTC6366.47 (less any expenses this month ofc)

Now just add the $588,635 for instant ice cream! Grin

I like your math better.

lolstate

full member

Activity: 196

Merit: 100

Quote from: lewicki on July 18, 2013, 11:25:01 AM

Quote from: navitatl on July 18, 2013, 11:20:43 AM

Wait, so we are pretty much good to go as far as NRE costs? Let's get that shit rolling!

Waiting on wire.

So, too early to start posting here:

https://bitcointalksearch.org/topic/i-am-pretty-confident-we-are-the-new-wealthy-elite-gentlemen-12156

?

Wink

lewicki

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Activity: 294

Merit: 250

Quote from: navitatl on July 18, 2013, 11:20:43 AM

Wait, so we are pretty much good to go as far as NRE costs? Let's get that shit rolling!

Waiting on wire.

navitatl

member

Activity: 119

Merit: 10

Wait, so we are pretty much good to go as far as NRE costs? Let's get that shit rolling!

Vbs

hero member

Activity: 504

Merit: 500

Quote from: kleeck on July 18, 2013, 10:36:55 AM

So that leaves us with an outstanding $411,365 or BTC4113.65 (@$100:BTC1 - which is ambitious at the time of this writing). At current share price, .0025, we would require 1,645,460 shares to be sold to provide for the NRE.

Also, I'm curious about the orders. Can you release any further information? Are these from a couple groups or many individuals? Can pre-orders be reversed? If so how would you handle the lost NRE fund money?

All-in-all, pretty exciting news! Looking forward to the physical product hitting the market. That's where the real break out will occur.

No, you are not accounting for all the shares currently sold already for this.

1) From the ~24th June to ~28th June:

Quote from: grimholt on June 28, 2013, 02:24:18 AM

.0025 Shares sold on Bifunder: 432,649
.0025 Shares sold on BTC-TC: 511,678
Total: 944,327

944323/4000000 = 0.23608075 = ~23.6 % funded

Which should account for BTC2360.8075.

2) Btct.co shares are currently at 1,133,207, so that's more 621,529 shares sold (should even be more since some were tendered to BF) for BTC1553.8225.

3) Ken's balance at the end of June was BTC2451.84 (not accounting for point #1, just the leftover funds from the initial IPO of 5M shares)

Current Bitcoin Total: ~BTC6366.47 (less any expenses this month ofc)

Now just add the $588,635 for instant ice cream! Grin

sebastienurbain

member

Activity: 81

Merit: 10

Quote from: lewicki on July 18, 2013, 11:01:23 AM

Quote from: sebastienurbain on July 18, 2013, 10:44:34 AM

Quote from: kslaughter on July 18, 2013, 10:29:25 AM

Quote

3. Pricing issue:
Base model + 1 module = $4000, but Base model + 2 modules = $10,000. How come?

Special price, just purchase as many as you want, no limit.

Sorry but I don't understand why buying two base models with one module each is $2000 cheaper than buying one with two modules.

It's quite a deal really. You get the base module and a hashing card for $4000. Afterwards, the hashing cards cost $5000 a piece.

Ah ok thanks now I get it!

Topic: [ActiveMining] The Official Active Mining Discussion Thread - page 305. (Read 479317 times)