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
Topic: [ActiveMining] The Official Active Mining Discussion Thread - page 307. (Read 479317 times)
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!
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
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
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!
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.
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!
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
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!
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
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!
When Ken makes me rich I don't want anyone to know!
Vbs, aren't your predictions 1 month out based on when things are due to go online, basically end July and end August? Or have I misunderstood?
Exactly, it's the "balance" at the end of each respective month.
Vbs, aren't your predictions 1 month out based on when things are due to go online, basically end July and end August? Or have I misunderstood?
@ChefBorjan - wow, talk about dedication...
I have refused to buy at BitFunder on principle. If you are in this long, then there is no point shooting yourself in the foot by purchasing the undercut sell orders. Earlier this week on BTCT I stepped over the 0.00249 sell wall to purchase at 0.0025... that NRE has to be completed, we aren't strained by 30 day deadline, that was more of an estimation by Ken to eASIC, but to get the ball rolling we should beat that timeline as best we can.
Found some leftover BTC and bought a handful of shares at 0.0025 from BTC-TC even though I could have got more for my money at Bitfunder... its all about getting the money to AM now.
There is no chance for a company to grow, if it pays fat dividends.
>Do we vote every month to vary this percentage?
Nah. Every 2 or 3 years is enough.
>Do we vote every month to vary this percentage?
Nah. Every 2 or 3 years is enough.
You can't be serious! Limiting dividends for 2-3 years at 10%? I don't know where to begin listing all the reasons this won't work.
Ken, thanks for adjusting the name as regards AM. That's a rather important move for trust reasons.
There is already a growth fund in the contract (as seen below), however the exact amount isnt specified.
...
Dividend payment
The global ActiveMining's income, including mining income, hardware sales via bitcoins, other cryptocoins and fiat transferred to bitcoins, will be paid to ActiveMining shareholders proportionally, when all manufacturing, maintenance, labor costs, R&D, growth and miscellaneous expenses are deducted. The first BTC0.0025/share dividends will only be paid to the first 10,000,000 ActiveMining shares, providing public investors a priority in getting back 100% return of their investment.
Dividend payment
The global ActiveMining's income, including mining income, hardware sales via bitcoins, other cryptocoins and fiat transferred to bitcoins, will be paid to ActiveMining shareholders proportionally, when all manufacturing, maintenance, labor costs, R&D, growth and miscellaneous expenses are deducted. The first BTC0.0025/share dividends will only be paid to the first 10,000,000 ActiveMining shares, providing public investors a priority in getting back 100% return of their investment.
There is no chance for a company to grow, if it pays fat dividends.
Asic
There is no chance for a company to grow, if it pays fat dividends.
>Do we vote every month to vary this percentage?
Nah. Every 2 or 3 years is enough.
>Do we vote every month to vary this percentage?
Nah. Every 2 or 3 years is enough.
As an investor, I ask to hold a shareholder's vote to dramatically reduce a dividend, and limit paying up to 10% of profits at most. This is required for growth and for NRE.
Else the company will not be able to grow.
We must establish a growth fund.
Else the company will not be able to grow.
We must establish a growth fund.
Why not 5%? What is the rational for 10%? Do we vote every month to vary this percentage?
The prospectus is quite clear that dividends are paid after all expenses are deducted and this includes payment for new hashing power to go towards in-house mining. Remember the original AMC proposal got too complex and the new ActM is intentionally much simpler, and we are all the better for it, in my opinion. A 10% cap will needlessly limit the share price, which isn't what you want with a high risk, high growth stock.
As an investor, I ask to hold a shareholder's vote to dramatically reduce a dividend, and limit paying up to 10% of profits at most. This is required for growth and for NRE.
Else the company will not be able to grow.
We must establish a growth fund.
Else the company will not be able to grow.
We must establish a growth fund.
What does the score need to be for the security to be launched? Or is that not how this process works?
I think it was +4 last time it was instantly approved.
Don't think so, as KENILWORTH (https://btct.co/security/KENILWORTH) is currently +4 and not yet approved. I'm also curious as to this.
Actually I think it has to be positive after the two week moderation, not sure if there is an auto-approval (but can't find any more details on it). From the create page (https://btct.co/create):
Quote
Once the issuer lock is removed, the site mods will start voting on your asset. Your asset will have two weeks to pass the moderation stage.
How are we going with the AMC BTC-TC -----> AM BTC-TC. I see its still awaiting approval by BTC-TC?
Nothing on that we can do but wait for approving votes
BTCT would probably give at least 1 more approval vote if the requested ticker were changed from AM to ACTM.
"BlackLilac voted ABSTAIN with comment: I find it very questionable that this asset is trying to use the abbreviation "AM". That seems like an apparent attempt to cause confusion between and/or association with ASICMINER."
I share the same opinion - at the minimum, it gives the appearance that ActiveMiner is embracing brand confusion as a marketing ploy. Why not clear this up?
The ticker is ActiveMining
Update: Removed the AM after ActiveMining in the details.
I think that is a good move, kslaughter. I have removed my objection from BTC-TC and voted to approve this asset.
Best of luck.
Thanks BlackLilac!!! We all really appreciate it!
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