[ActiveMining] The Official Active Mining Discussion Thread - page 322.

VolanicEruptor

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I asked Ken in a PM where all that extra BTC came from -- extra BTC that far exceeded his mining revenue.

His response: It's all part of the merger process!

Cheesy

I can only imagine how pointless a real conversation would be with him:

So Ken, if it didn't come from mining, where did it come from? Did somebody give it to you?

"it's all part of the merger process!"

But.. but.. you aren't answering my question

"It's all part of the merger process!"

Ken, are you telling me that when two entities emerge, money is created out of thin air?

"Yes!"

So what I'm about to do will make us rich then

"Wait, no! That's not what I.......'

*WHACK*

Streets 2.0

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Quote from: Surprise on July 12, 2013, 09:29:43 AM

I think the situation we're in here is kind of a paradoxical one. The value of the company increases a lot when the NRE funds are raised, but decreases a lot if the funds are not raised. Therefore investors are loath to buy in at the top of the wall when the odds of it dropping seem low. But they will be so eager to buy once the wall gets lower. So we're in a situation where we just need to see a decent chunk of the wall fall before a feedback cycle gets triggered like so. Wall gets lower > investors decide to buy > wall gets even lower > more investors decide to buy.

Anyone care to take that first big chunk out? Grin

Im still mulling it over - maybe a collaborative buy amongst us strong supporters? Say at least 7-10 BTC a piece minimum. If five of us were interested, and went 10 in, 20k right off the top - hardly a dent though. Now if six or seven wanted to go 20 BTC or more, could wipe out 70k shares or more quickly and maybe start a surge?

lewicki

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Quote from: Surprise on July 12, 2013, 09:29:43 AM

I think the situation we're in here is kind of a paradoxical one. The value of the company increases a lot when the NRE funds are raised, but decreases a lot if the funds are not raised. Therefore investors are loath to buy in at the top of the wall when the odds of it dropping seem low. But they will be so eager to buy once the wall gets lower. So we're in a situation where we just need to see a decent chunk of the wall fall before a feedback cycle gets triggered like so. Wall gets lower > investors decide to buy > wall gets even lower > more investors decide to buy.

Anyone care to take that first big chunk out? Grin

I'll pledge 5 BTC as soon as we hit .0025

themagicdrake

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Are plans still on with the visit to the office and meeting with Ken? Who's going?

Surprise

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I think the situation we're in here is kind of a paradoxical one. The value of the company increases a lot when the NRE funds are raised, but decreases a lot if the funds are not raised. Therefore investors are loath to buy in at the top of the wall when the odds of it dropping seem low. But they will be so eager to buy once the wall gets lower. So we're in a situation where we just need to see a decent chunk of the wall fall before a feedback cycle gets triggered like so. Wall gets lower > investors decide to buy > wall gets even lower > more investors decide to buy.

Anyone care to take that first big chunk out? Grin

Streets 2.0

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FRX: Ferocious Alpha

Quote from: Exocyst on July 12, 2013, 09:18:47 AM

Quote from: ArcticWolf on July 12, 2013, 08:48:06 AM

Quote from: kslaughter on July 12, 2013, 08:45:12 AM

Quote from: chsados on July 12, 2013, 01:13:43 AM

Quote from: stslimited on July 11, 2013, 11:30:56 PM

you have a decent amount of capital right now, how about you use that as collateral for a loan with no payments for a year, remove the bid wall, and let the market do its thang

leverage baby

interesting idea.

Where can I get such a loan?

Coinlenders would be a possibility

A few consecutive weeks of massive ActiveMining dividends near this week's level may dissolve the wall anyway. I don't agree that ActiveMining needs to take on debt to pay the NRE. When we get the 20,000 Avalon chips online, we should improve our mining share, which should convince some skeptics to join up and take down the wall (if it is still around by the end of August anyway).

https://bitcointalksearch.org/topic/activemining-overview-and-speculation-thread-254930

That wall will be gone in August

lolstate

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Quote from: Exocyst on July 12, 2013, 09:18:47 AM

Quote from: ArcticWolf on July 12, 2013, 08:48:06 AM

Quote from: kslaughter on July 12, 2013, 08:45:12 AM

Quote from: chsados on July 12, 2013, 01:13:43 AM

Quote from: stslimited on July 11, 2013, 11:30:56 PM

you have a decent amount of capital right now, how about you use that as collateral for a loan with no payments for a year, remove the bid wall, and let the market do its thang

leverage baby

interesting idea.

Where can I get such a loan?

Coinlenders would be a possibility

A few consecutive weeks of massive ActiveMining dividends near this week's level may dissolve the wall anyway. I don't agree that ActiveMining needs to take on debt to pay the NRE. When we get the 20,000 Avalon chips online, we should improve our mining share, which should convince some skeptics to join up and take down the wall (if it is still around by the end of August anyway).

I agree. A few weeks of good news should do it. Right now, someone heavily invested in ASICMiner will be contemplating liquidating some of their stake to invest in ActM, to diversify and limit their risk. They just need a little time to be convinced.

Vbs

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Quote from: Exocyst on July 12, 2013, 09:18:47 AM

A few consecutive weeks of massive ActiveMining dividends near this week's level may dissolve the wall anyway. I don't agree that ActiveMining needs to take on debt to pay the NRE. When we get the 20,000 Avalon chips online, we should improve our mining share, which should convince some skeptics to join up and take down the wall (if it is still around by the end of August anyway).

I agree. If the current market value right now is already approaching 0.0025, as soon as any more hardware starts arriving it will definitely increase volume a lot.

Exocyst

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Activity: 266

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Science!

Quote from: ArcticWolf on July 12, 2013, 08:48:06 AM

Quote from: kslaughter on July 12, 2013, 08:45:12 AM

Quote from: chsados on July 12, 2013, 01:13:43 AM

Quote from: stslimited on July 11, 2013, 11:30:56 PM

you have a decent amount of capital right now, how about you use that as collateral for a loan with no payments for a year, remove the bid wall, and let the market do its thang

leverage baby

interesting idea.

Where can I get such a loan?

Coinlenders would be a possibility

A few consecutive weeks of massive ActiveMining dividends near this week's level may dissolve the wall anyway. I don't agree that ActiveMining needs to take on debt to pay the NRE. When we get the 20,000 Avalon chips online, we should improve our mining share, which should convince some skeptics to join up and take down the wall (if it is still around by the end of August anyway).

ArcticWolf

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Quote from: kslaughter on July 12, 2013, 08:45:12 AM

Quote from: chsados on July 12, 2013, 01:13:43 AM

Quote from: stslimited on July 11, 2013, 11:30:56 PM

you have a decent amount of capital right now, how about you use that as collateral for a loan with no payments for a year, remove the bid wall, and let the market do its thang

leverage baby

interesting idea.

Where can I get such a loan?

Coinlenders would be a possibility

matuszed

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Activity: 154

Merit: 100

Quote from: kslaughter on July 12, 2013, 08:45:12 AM

Quote from: chsados on July 12, 2013, 01:13:43 AM

Quote from: stslimited on July 11, 2013, 11:30:56 PM

you have a decent amount of capital right now, how about you use that as collateral for a loan with no payments for a year, remove the bid wall, and let the market do its thang

leverage baby

interesting idea.

Where can I get such a loan?

Would have to be someone private looking to invest, no way a bank is going to give you a line of credit against BTC collateral.

kslaughter

sr. member

Activity: 476

Merit: 250

Quote from: chsados on July 12, 2013, 01:13:43 AM

Quote from: stslimited on July 11, 2013, 11:30:56 PM

you have a decent amount of capital right now, how about you use that as collateral for a loan with no payments for a year, remove the bid wall, and let the market do its thang

leverage baby

interesting idea.

Where can I get such a loan?

Streets 2.0

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FRX: Ferocious Alpha

Quote from: lewicki on July 12, 2013, 08:01:24 AM

Quote from: Vbs on July 12, 2013, 07:01:18 AM

BTC-TC wall is at 1,922,000 now, so that's 19,664 sold in just a few hours.

If not before, both walls will be gone quickly after the 20,000 avalon chips arrive. That's a massive TH increase for the current share price.

ActiveMining and AMC are creeping closer and closer to .0025. It's just a matter of time.

Oh...

Here's some food for thought. That wall that you see over there yonder. It's not as big as you think, now with the price of BTC/USD rising.

I just saw on the ticker someone buy over the undercut sell order of .002499 to buy at .0025 - only 23 shares but still funny! People want these walls to come down

lewicki

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Activity: 294

Merit: 250

Quote from: Vbs on July 12, 2013, 07:01:18 AM

BTC-TC wall is at 1,922,000 now, so that's 19,664 sold in just a few hours.

If not before, both walls will be gone quickly after the 20,000 avalon chips arrive. That's a massive TH increase for the current share price.

ActiveMining and AMC are creeping closer and closer to .0025. It's just a matter of time.

Oh...

Here's some food for thought. That wall that you see over there yonder. It's not as big as you think, now with the price of BTC/USD rising.

Vbs

hero member

Activity: 504

Merit: 500

BTC-TC wall is at 1,922,000 now, so that's 19,664 sold in just a few hours.

If not before, both walls will be gone quickly after the 20,000 avalon chips arrive. That's a massive TH increase for the current share price.

Streets 2.0

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FRX: Ferocious Alpha

Quote from: stslimited on July 12, 2013, 06:55:47 AM

Quote from: hf on July 12, 2013, 02:47:40 AM

Quote from: FloatesMcgoates on July 12, 2013, 02:45:19 AM

Quote from: Vbs on July 12, 2013, 02:31:16 AM

Taking down the wall only helps speculators that want to play with the price as soon as possible.

The wall will be brought down by investors once they realise the potential of this. Volume is more important than price now.

The thing is that the wall is keeping volume down because investors don't believe they will make any money. Why would an individual choose to buy in at .0025 when there is no chance of the share price increasing?

For example, there are 1941664 shares at .0025 available on BTCT right now. The daily volume of AMC is 24538. Even if every single one of those trades was a buy at .0025, and they most certainly are not, it would take around 80 days before the wall gets brought down.

They almost were. Yesterday, the wall was around 1965000.

but then there is bitfunder where there are plenty of cheaper shares BEFORE you get to the 2,000,000 ask wall. the optimists will say "Yay cheaper" but this really just means there is so much more that needs to be filled, further contributing to pessimism. although, I am buying.

I confess, I am a huge fan of how fast Chinese companies can produce things (I missed the cold war so I don't really care), but I definitely have affinity for when an American venture in America tries to do it so much better

I have to agree, and it has me considering liquidating my position in ASICMINER to purchase even more shares, can I haz 20k more plz?

Will admit though, I am a bit weary of doing so, bought in at 1.9ish and it has been bullish as hell

stslimited

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Quote from: hf on July 12, 2013, 02:47:40 AM

Quote from: FloatesMcgoates on July 12, 2013, 02:45:19 AM

Quote from: Vbs on July 12, 2013, 02:31:16 AM

Taking down the wall only helps speculators that want to play with the price as soon as possible.

The wall will be brought down by investors once they realise the potential of this. Volume is more important than price now.

The thing is that the wall is keeping volume down because investors don't believe they will make any money. Why would an individual choose to buy in at .0025 when there is no chance of the share price increasing?

For example, there are 1941664 shares at .0025 available on BTCT right now. The daily volume of AMC is 24538. Even if every single one of those trades was a buy at .0025, and they most certainly are not, it would take around 80 days before the wall gets brought down.

They almost were. Yesterday, the wall was around 1965000.

but then there is bitfunder where there are plenty of cheaper shares BEFORE you get to the 2,000,000 ask wall. the optimists will say "Yay cheaper" but this really just means there is so much more that needs to be filled, further contributing to pessimism. although, I am buying.

I confess, I am a huge fan of how fast Chinese companies can produce things (I missed the cold war so I don't really care), but I definitely have affinity for when an American venture in America tries to do it so much better

Vbs

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Quote from: TaxReturn on July 12, 2013, 04:04:03 AM

Quote from: chsados on July 12, 2013, 03:44:05 AM

Quote from: ?? on ??

I am curious where all this money come from, especially since the mining address only showed ~86 BTC. It was a nice surprise to wake up to that much BTC but I'm really hoping it wasn't a typo!

+1 Doesn't make sense.

86 / 0.0000183 ~= 4.7 M

This might well be the total number of issued shares, as in shares actually bought by investors, not as BitFunder understands it.

I think there are about ~5.9M issued, so the total would be more like ~BTC108, with BTC86 from mining and probably with BTC22 coming from the old growth fund (which was previously excessively eating at least 85% of all dividends, 5.9M/40M), since all current expenses are probably paid already. All in all, a big thank you from Ken to everyone who stuck around. Cool

Also, AMC-PT and ActiveMining divs come funneled from issued shares on AMC, so only look there to see the totals.

hf

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there will be no fucking vegetables

Quote from: ArcticWolf on July 12, 2013, 04:15:54 AM

Quote from: chsados on July 12, 2013, 04:11:49 AM

Quote from: TaxReturn on July 12, 2013, 04:04:03 AM

Quote from: chsados on July 12, 2013, 03:44:05 AM

Quote from: ?? on ??

I am curious where all this money come from, especially since the mining address only showed ~86 BTC. It was a nice surprise to wake up to that much BTC but I'm really hoping it wasn't a typo!

+1 Doesn't make sense.

86 / 0.0000183 ~= 4.7 M

This might well be the total number of issued shares, as in shares actually bought by investors, not as BitFunder understands it.

That would make sense, I think I remember Ken saying that Bitfunder was going to fix this.

Ah so the dividend was over the entire amount of shares so part of it went back to ken himself?

Exactly.

Ken had to pay dividends to three securities : AMC and ActiveMining on Bitfunder, AMC-PT on BTCT.
On Bitfunder, dividends go to the entire amount of shares. On BTCT, dividends go only to issued shares.

4.7M issued shares seems possible.

VolanicEruptor

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at one time ken told us that btct divs/issued shares was incorrect, which is why they got better divs last week. That was amc though, before activemining. not sure what made him change his mind on how to pay dividends

Topic: [ActiveMining] The Official Active Mining Discussion Thread - page 322. (Read 479317 times)