Topic: [ActiveMining] The Official Active Mining Discussion Thread - page 316. (Read 479317 times)
Yes to AMC-PT but no to AM? Just curious, maybe it would be better if it was called ActiveMiner-PT. That might be more technically accurate too..
0/2 on BTC-TC. Looks like they want a business plan. Ken, can you put one up?
Is the 28nm chips that ACM will deliver the best thing on the market in the near future or is there a competition promising to deliver even more top notch stuff? (let's say this year)
KnC is also developing a 28nm 100GH/s (~250W) chip, expected for September, although it uses ~2.67x more power for the same hashrate (0.4GH/s/W vs. ActM's chip at 1.067GH/s/W).
When the NRE funds are gathered, ActM will have chips fully rolling out (e-beamed) in just 3 months.
What are the current plans for chip development?
ActiveMining is in the process of gathering necessary funds for paying NRE costs on its 28nm chip. We hope these funds to be gathered soon, so that chip production can start as soon as possible. Estimated dates after NRE payment are:
ActiveMining is in the process of gathering necessary funds for paying NRE costs on its 28nm chip. We hope these funds to be gathered soon, so that chip production can start as soon as possible. Estimated dates after NRE payment are:
- Chip samples delivered in 9 weeks;
- Low-volume chip production starting in 12 weeks, using an e-beam process;
- Normal volume chip production starting in 16-18 weeks.
Public investor's protection plan
The first 10,000,000 ActiveMining shares have the privilege of getting all profits until BTC0.0025/share is paid, starting from the day when dividends begin to be paid.
The first 10,000,000 ActiveMining shares have the privilege of getting all profits until BTC0.0025/share is paid, starting from the day when dividends begin to be paid.
In essence, all profits go to the "first 10,000,000 ActiveMining shares" until ActiveMining has made 25k BTC (or around $2.5 million) in profit.
Mining:
If the difficulty increases 10% every 2016 blocks for the next year or so, then even if all 6.4 TH/s that ActiveMining plans to bring online starts mining now, the total expected mining revenue is only about 19k BTC. I believe 19k is very optimistic. In other words, profits from mining will never reach 0.0025 BTC/share unless ActiveMining increases its hash power at least as fast as the difficulty rises.
Sales:
Mining will never reach the 0.0025 BTC/share threshold, so it will be up to sales to make up the difference. In order to make $2.5 million in revenue, ActiveMining will have to sell at least 50 of the 25 TH/s units. Actually, it will have to sell many more than that to make $2.5 million in profit. I don't know enough to even guess at what the sales would have to be. That information has not been provided.
The real issue is that ActiveMining has not given enough information for anyone to determine whether or not they can profit from an investment in ActiveMining. From the information given out so far, my belief is that it is possible, but not likely.
Does ActiveMining have a business plan? Does it show how they expect to succeed? Is it available to investors?
As AM is a mining and a sales company, bringing more hashing power online is as easy as walking down to the factory floor, picking up a machine from the production line and turning it on. The 6.4TH/s is only the avalon chips.
Also the sales profit doesnt need to equal $2.5 million, because as you said it only needs to make up the difference between Mining and the final figure, so closer to maybe $1 mil. Pre-orders are already starting to come in.
And as VBS said, this is essentially the same business model that ASICMINER follows, and Ken has been far more transparent than ASICMINER from what I have seen
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In other words, profits from mining will never reach 0.0025 BTC/share unless ActiveMining increases its hash power at least as fast as the difficulty rises.
I highly doubt Activemining would limit itself to your numbers. They will obviously continue investing in new hashing power as the opportunity arises, as well as more hardware production, just as Friedcat does.
Sell your hashing power as hardware when you reach a good portion of the network, and then liquidate your excess equipment to the market for an ever higher markup. Produce more, hash more, sell, repeat..
Public investor's protection plan
The first 10,000,000 ActiveMining shares have the privilege of getting all profits until BTC0.0025/share is paid, starting from the day when dividends begin to be paid.
The first 10,000,000 ActiveMining shares have the privilege of getting all profits until BTC0.0025/share is paid, starting from the day when dividends begin to be paid.
In essence, all profits go to the "first 10,000,000 ActiveMining shares" until ActiveMining has made 25k BTC (or around $2.5 million) in profit.
Mining:
If the difficulty increases 10% every 2016 blocks for the next year or so, then even if all 6.4 TH/s that ActiveMining plans to bring online starts mining now, the total expected mining revenue is only about 19k BTC. I believe 19k is very optimistic. In other words, profits from mining will never reach 0.0025 BTC/share unless ActiveMining increases its hash power at least as fast as the difficulty rises.
Sales:
Mining will never reach the 0.0025 BTC/share threshold, so it will be up to sales to make up the difference. In order to make $2.5 million in revenue, ActiveMining will have to sell at least 50 of the 25 TH/s units. Actually, it will have to sell many more than that to make $2.5 million in profit. I don't know enough to even guess at what the sales would have to be. That information has not been provided.
The real issue is that ActiveMining has not given enough information for anyone to determine whether or not they can profit from an investment in ActiveMining. From the information given out so far, my belief is that it is possible, but not likely.
Does ActiveMining have a business plan? Does it show how they expect to succeed? Is it available to investors?
The mining part you stated is only about the Avalon chips. ActiveMining will use its own 28nm 16GH/s (~15W) chip to boost mining as further as possible, at a much lesser cost and higher efficiency than competing offerings.
If you still wish to mantain your NO vote, I expect you to be congruent and change your vote to NO in every ASICMINER offering in btct.co, since it's the exact same business model/plan.
yes once it gets down to half a million shares, they will get scooped up almost all at once
if you are content with waiting 80 days then feel free to support the wall.
I'm quite content, yeah. The wall is 1840987 high. 30h ago, it was 1965000. At this rate, it would be gone in 18 days.See you in eighty days anyway.
16 days at this rate.
It will only get faster!
The more shares are bought, the more ActM is worth and the more .0025 is "cheaper" for what ActM holds in assets/bitcoin balance. 
if you are content with waiting 80 days then feel free to support the wall.
I'm quite content, yeah. The wall is 1840987 high. 30h ago, it was 1965000. At this rate, it would be gone in 18 days.See you in eighty days anyway.
16 days at this rate.
If someone wants to lend me 4184 BTC I will gladly take care of the wall
It's their own freedom of choice to sell .0001 cheaper than the wall,
but the REAL idiots are those people who have sell orders right AFTER the wall, at .0026, etc.
Can you imagine, all the work and time it takes to buy up all the issued shares, only to have your shares eaten back up so that you can make a measly .0001 extra profit?
LOL. The stupidity is unbelievable. Maybe some people don't realize that Bitfunder and BTCT actually share the same bottleneck right now (about 1.8 million shares @ .0025).
Wannabe daytraders, basically.
but the REAL idiots are those people who have sell orders right AFTER the wall, at .0026, etc.
Can you imagine, all the work and time it takes to buy up all the issued shares, only to have your shares eaten back up so that you can make a measly .0001 extra profit?
LOL. The stupidity is unbelievable. Maybe some people don't realize that Bitfunder and BTCT actually share the same bottleneck right now (about 1.8 million shares @ .0025).
Wannabe daytraders, basically.
What day is it? Someone mark this down on the sundial. I actually agree with this person.
+1
Once the wall at 0.0025 gets eaten I'd say each share is worth like 0.005.
We're in a good spot at the moment. BTC-TC is carrying us through this: 1,683,441 of 21,000,000 shares left.
It's their own freedom of choice to sell .0001 cheaper than the wall,
but the REAL idiots are those people who have sell orders right AFTER the wall, at .0026, etc.
Can you imagine, all the work and time it takes to buy up all the issued shares, only to have your shares eaten back up so that you can make a measly .0001 extra profit?
LOL. The stupidity is unbelievable. Maybe some people don't realize that Bitfunder and BTCT actually share the same bottleneck right now (about 1.8 million shares @ .0025).
Wannabe daytraders, basically.
but the REAL idiots are those people who have sell orders right AFTER the wall, at .0026, etc.
Can you imagine, all the work and time it takes to buy up all the issued shares, only to have your shares eaten back up so that you can make a measly .0001 extra profit?
LOL. The stupidity is unbelievable. Maybe some people don't realize that Bitfunder and BTCT actually share the same bottleneck right now (about 1.8 million shares @ .0025).
Wannabe daytraders, basically.
What day is it? Someone mark this down on the sundial. I actually agree with this person.
+1
Once the wall at 0.0025 gets eaten I'd say each share is worth like 0.005.
It's their own freedom of choice to sell .0001 cheaper than the wall,
but the REAL idiots are those people who have sell orders right AFTER the wall, at .0026, etc.
Can you imagine, all the work and time it takes to buy up all the issued shares, only to have your shares eaten back up so that you can make a measly .0001 extra profit?
LOL. The stupidity is unbelievable. Maybe some people don't realize that Bitfunder and BTCT actually share the same bottleneck right now (about 1.8 million shares @ .0025).
Wannabe daytraders, basically.
but the REAL idiots are those people who have sell orders right AFTER the wall, at .0026, etc.
Can you imagine, all the work and time it takes to buy up all the issued shares, only to have your shares eaten back up so that you can make a measly .0001 extra profit?
LOL. The stupidity is unbelievable. Maybe some people don't realize that Bitfunder and BTCT actually share the same bottleneck right now (about 1.8 million shares @ .0025).
Wannabe daytraders, basically.
What day is it? Someone mark this down on the sundial. I actually agree with this person.
+1
just curious - should i buy AMC from btct or activemining from bitfunder?
AMC from BTCT. This way your BTCs go directly to the company, not to speculators.BUT if you're going to use Bitfunder, buy whichever is cheaper. If it ends up being AMC just make sure to trade them for ActiveMiner shares as soon as you're done buying.
It is my understanding that once ACTIVEMINING is approved on BTC-TC, AMC shares will automatically be converted over.
Once ACTIVEMINING is approved on BTC-TC then AMC-PT should be automatically converted over, this is all on BTC-TC. BitFunder has AMC and ActiveMining.
It's their own freedom of choice to sell .0001 cheaper than the wall,
but the REAL idiots are those people who have sell orders right AFTER the wall, at .0026, etc.
Can you imagine, all the work and time it takes to buy up all the issued shares, only to have your shares eaten back up so that you can make a measly .0001 extra profit?
LOL. The stupidity is unbelievable. Maybe some people don't realize that Bitfunder and BTCT actually share the same bottleneck right now (about 1.8 million shares @ .0025).
Wannabe daytraders, basically.
but the REAL idiots are those people who have sell orders right AFTER the wall, at .0026, etc.
Can you imagine, all the work and time it takes to buy up all the issued shares, only to have your shares eaten back up so that you can make a measly .0001 extra profit?
LOL. The stupidity is unbelievable. Maybe some people don't realize that Bitfunder and BTCT actually share the same bottleneck right now (about 1.8 million shares @ .0025).
Wannabe daytraders, basically.
probably some kinds of automatic trading, can´t believe anybody else would do it
It is my understanding that once ACTIVEMINING is approved on BTCT-TC, AMC shares will be automatically converted over to ActM.
That's correct but AFAIK the process on bitfunder will remain manual.
It's their own freedom of choice to sell .0001 cheaper than the wall,
but the REAL idiots are those people who have sell orders right AFTER the wall, at .0026, etc.
Can you imagine, all the work and time it takes to buy up all the issued shares, only to have your shares eaten back up so that you can make a measly .0001 extra profit?
LOL. The stupidity is unbelievable. Maybe some people don't realize that Bitfunder and BTCT actually share the same bottleneck right now (about 1.8 million shares @ .0025).
Wannabe daytraders, basically.
but the REAL idiots are those people who have sell orders right AFTER the wall, at .0026, etc.
Can you imagine, all the work and time it takes to buy up all the issued shares, only to have your shares eaten back up so that you can make a measly .0001 extra profit?
LOL. The stupidity is unbelievable. Maybe some people don't realize that Bitfunder and BTCT actually share the same bottleneck right now (about 1.8 million shares @ .0025).
Wannabe daytraders, basically.
just curious - should i buy AMC from btct or activemining from bitfunder?
AMC from BTCT. This way your BTCs go directly to the company, not to speculators.BUT if you're going to use Bitfunder, buy whichever is cheaper. If it ends up being AMC just make sure to trade them for ActiveMiner shares as soon as you're done buying.
It is my understanding that once ACTIVEMINING is approved on BTC-TC, AMC shares will automatically be converted over.
just curious - should i buy AMC from btct or activemining from bitfunder?
AMC from BTCT. This way your BTCs go directly to the company, not to speculators.BUT if you're going to use Bitfunder, buy whichever is cheaper. If it ends up being AMC just make sure to trade them for ActiveMiner shares as soon as you're done buying.
just curious - should i buy AMC from btct or activemining from bitfunder?
AMC from BTCT. This way your BTCs go directly to the company, not to speculators. Jump to: