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Topic: [ActiveMining] The Official Active Mining Discussion Thread - page 306. (Read 479499 times)

sr. member
Activity: 476
Merit: 250
VMC website problems:
1. On main page it says "Free shipping"
But during order stage 4 I see DHL shipping = $200.

We do have Free Shipping, just order enough product and you will get free shipping.

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2. On the order page it says "Available", but in fact it is a pre-order. Misleading.
Please avoid becoming another BFL, and state thing clearly.

Fixed, Every product that is a Pre-Order has a Pre-Order prefix.

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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.

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4. Supply/Demand - the current situation with ASIC market is a joke.
I cannot find an ASIC mine anywhere, except Ebay Avalon for $30,000 bucks. (Which I'm not ready to pay)
Every single company offers pre-orders (with 1 year delay; BFL) or nothing.

If the machines I am selling were in stock, the price would not be $3,999.

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My suggestion: Put a batch of production-ready mines on an auction at VMC. Not pre-orders. Actual and working mines.
And place a very small minimum ask of each mine, near production costs.
If you have real working mines traded at VMC at auction, we would *solve* the stupid Supply/demand issue in a short order.

If the auction fails (no bids), the mine temporarily goes to AMC department for in-house mining until next-week's auction. Repeat.
Auction selling will allow the company to determine mine's real, free-market price. AMC should also be allowed to bid.
Capitalism is about solving problems, including supply/demand problems.

As an investor, I don't care if money comes from mining slowly or as a one big sum selling the equipment.

If Avalon sold batch #1 mines for $1300, and a few months later I find an Avalon for $30,000 on ebay, then something is dead wrong here.

-Technologov

Come on get real
Vbs
hero member
Activity: 504
Merit: 500
Bye bye to USD/BTC exchange rate, when there's $588,635 in cash already! Grin
sr. member
Activity: 302
Merit: 250
The demand for ASIC's in general is just staggering
full member
Activity: 196
Merit: 100
VMC Total Orders As Of This Date

$588,635



Ken has been vindicated!  Grin
Vbs
hero member
Activity: 504
Merit: 500
member
Activity: 119
Merit: 10
VMC Total Orders As Of This Date

$588,635


Wow, great news, can't wait for the moment when the wall disappears.
hero member
Activity: 630
Merit: 500
sr. member
Activity: 476
Merit: 250
VMC Total Orders As Of This Date

$588,635

sr. member
Activity: 393
Merit: 250
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They are ofc, but the current amount of shares being sold already has that into consideration, as if they were the only funding path. Depending on pre-orders, not all of them need to be sold to reach $1M total.

Ok. I just assumed that Ken hadn't had time to exchanged BTC value of all shares to fiat, hence loosing 10% following today's dip. I assumed so because I was under the impression it takes some time to retrieve BTC from BTCT assets (although I might be wrong... just thought I read that somewhere).

Or maybe he did, and sold 15k of btc on MtGox  Grin
Vbs
hero member
Activity: 504
Merit: 500
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The pre-orders of miners are in $. Grin

O yes of course, I was referring to the shares value in fiat (I guess they too go towards the NRE or am I mistaken?)

They are ofc, but the current amount of shares being sold already has that into consideration, as if they were the only funding path. Depending on pre-orders, not all of them need to be sold to reach $1M total.
sr. member
Activity: 393
Merit: 250
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The pre-orders of miners are in $. Grin

O yes of course, I was referring to the shares value in fiat (I guess they too go towards the NRE or am I mistaken?)
Vbs
hero member
Activity: 504
Merit: 500
I suppose with today's 10% BTC dip, we are now getting further away from the NRE...

The pre-orders of miners are in $. Grin
Vbs
hero member
Activity: 504
Merit: 500
Yes really but it could also be 950k or 900k which is a big chunk less than 1M. But the bigger question was is it possible to start the process now without the full 1M.

No, they require the full NRE before production begins.

+1. There is a huge difference in price between NRE costs of 90nm (~$100k), 45nm (~$400k) and 28nm (~$1M). At the current market rate and machine sales the $1M is very very near allowing ActM to jump immediately to 28nm.
sr. member
Activity: 393
Merit: 250
I suppose with today's 10% BTC dip, we are now getting further away from the NRE...
sr. member
Activity: 294
Merit: 250
Yes really but it could also be 950k or 900k which is a big chunk less than 1M. But the bigger question was is it possible to start the process now without the full 1M.

No, they require the full NRE before production begins.
Vbs
hero member
Activity: 504
Merit: 500
Why does it have to be exactly 1.000.000$? And isn't it possible to start the process right now with what is available? Does something have to be payed for with that exact 1m$?

Because with $1M Ken can just say "Here it is! $1M raised in less than a month! Let's negotiate an even better deal and ActM's transition to VIP customer now!" Grin
member
Activity: 119
Merit: 10
Oh my god really? Its an approximation. Just like KNC says they need  $3.5 mil for their NRE, Active Mining needs $1 mil for their NRE. It might actually be $1,000,930.54 USD but the only place we need to read $1,000,930.54 everytime is in a financial statement.

In summary, the $1 mil is for non recurring engineering
full member
Activity: 196
Merit: 100
Am I the only one that really wishes for off-exchange shares for better anonymity? When I'm raking in my massive ActiveMining divs I'd like to avoid the whole bitfunder -> weexchange extra layer of trust thing.
When Ken makes me rich I don't want anyone to know!

You could find someone to buy your shares off market. BitFunder allows you to transfer your shares direct to their account. Of course, you might want to arrange escrow  Wink
I don't want to sell my shares, I want to divorce them from my identity and receive divs at a secure address that I've generated offline.

Ok, I got you. My Weexchange is unverified, I consider it a mildly annoying stepping stone to get my BTC out to my wallet.  As for anonymity, I need to research mixers some more  Grin
sr. member
Activity: 393
Merit: 250
Am I the only one that really wishes for off-exchange shares for better anonymity? When I'm raking in my massive ActiveMining divs I'd like to avoid the whole bitfunder -> weexchange extra layer of trust thing.
When Ken makes me rich I don't want anyone to know!

I have to agree that the weexchange thing is a bit annoying, but I just use it as a transition platform. You don't need to be verified to transfer BTC via weexchange, and can remain anonymous.
member
Activity: 119
Merit: 10
Am I the only one that really wishes for off-exchange shares for better anonymity? When I'm raking in my massive ActiveMining divs I'd like to avoid the whole bitfunder -> weexchange extra layer of trust thing.
When Ken makes me rich I don't want anyone to know!

You could find someone to buy your shares off market. BitFunder allows you to transfer your shares direct to their account. Of course, you might want to arrange escrow  Wink
I don't want to sell my shares, I want to divorce them from my identity and receive divs at a secure address that I've generated offline.
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