. BitFunder AMC shares are trending upwards as well. 
Topic: [ActiveMining] The Official Active Mining Discussion Thread - page 334. (Read 479317 times)
BTC-TC is at the .0025 wall . BitFunder AMC shares are trending upwards as well.
. BitFunder AMC shares are trending upwards as well. 
Been 5 hours. Still waiting for mine.
Verify queue down to zero, as of this time, transferring shares now on bitfunder. BTC-TC will be next.
Got my shares. Hats off to Ken on this one this process has been seamless thus far.
Also kinda crazy that as i'm writing this ActiveMining shares are trading less than AMC shares on BTCT, BTCT has just so much more BTC notional floating around in it.
Verify queue down to zero, as of this time, transferring shares now on bitfunder. BTC-TC will be next.
You're right, ASICMINER doesn't have a picture of a Chenbro 4U Open-bay Compact Rackmount Chassis on a website. Primarily because:
1. ASICMINER doesn't have a website
2. ASICMINER doesn't sell Chenbro 4U Open-bay Compact Rackmount Chassis
I mean, let's be honest here. ASICMINER doesn't have a 24.576 TH miner, and neither do you. ASICMINER does, however, have a lot of 10 GH miners, which you don't.
1. ASICMINER doesn't have a website
2. ASICMINER doesn't sell Chenbro 4U Open-bay Compact Rackmount Chassis
I mean, let's be honest here. ASICMINER doesn't have a 24.576 TH miner, and neither do you. ASICMINER does, however, have a lot of 10 GH miners, which you don't.
Do we really need to go the bashing route? More than one business following the Asicminer model is a good thing, not a bad one. That is just a pic of the main chassis that the upcoming miners will use.
It reminds me of rivaling chip producers like AMD and Intel. When Intel is leading in chip performance, AMD, or supporters hereof, will say "Yeah, but just wait until the new 20 nm AMD chip comes out, it'll be much faster than that Intel chip.". Of course that's true, but Intel won't be sitting still while AMD is working on a new chip.
You're right, ASICMINER doesn't have a picture of a Chenbro 4U Open-bay Compact Rackmount Chassis on a website. Primarily because:
1. ASICMINER doesn't have a website
2. ASICMINER doesn't sell Chenbro 4U Open-bay Compact Rackmount Chassis
I mean, let's be honest here. ASICMINER doesn't have a 24.576 TH miner, and neither do you. ASICMINER does, however, have a lot of 10 GH miners, which you don't.
1. ASICMINER doesn't have a website
2. ASICMINER doesn't sell Chenbro 4U Open-bay Compact Rackmount Chassis
I mean, let's be honest here. ASICMINER doesn't have a 24.576 TH miner, and neither do you. ASICMINER does, however, have a lot of 10 GH miners, which you don't.
Yes, let's be honest we are going to build these and when we do, how may of those 10 GH/s miners will it take to make 1 of these, the answer is 2,457 and these will use a lot less power to boot.
So yes, your future technology beats ASICMINER's present technology. Future technology always beats present technology.
I don't really get what the issue is... just buy ASICMINER pass through
You're right, ASICMINER doesn't have a picture of a Chenbro 4U Open-bay Compact Rackmount Chassis on a website. Primarily because:
1. ASICMINER doesn't have a website
2. ASICMINER doesn't sell Chenbro 4U Open-bay Compact Rackmount Chassis
I mean, let's be honest here. ASICMINER doesn't have a 24.576 TH miner, and neither do you. ASICMINER does, however, have a lot of 10 GH miners, which you don't.
1. ASICMINER doesn't have a website
2. ASICMINER doesn't sell Chenbro 4U Open-bay Compact Rackmount Chassis
I mean, let's be honest here. ASICMINER doesn't have a 24.576 TH miner, and neither do you. ASICMINER does, however, have a lot of 10 GH miners, which you don't.
Do we really need to go the bashing route? More than one business following the Asicminer model is a good thing, not a bad one. That is just a pic of the main chassis that the upcoming miners will use.
It reminds me of rivaling chip producers like AMD and Intel. When Intel is leading in chip performance, AMD, or supporters hereof, will say "Yeah, but just wait until the new 20 nm AMD chip comes out, it'll be much faster than that Intel chip.". Of course that's true, but Intel won't be sitting still while AMD is working on a new chip.
You're right, ASICMINER doesn't have a picture of a Chenbro 4U Open-bay Compact Rackmount Chassis on a website. Primarily because:
1. ASICMINER doesn't have a website
2. ASICMINER doesn't sell Chenbro 4U Open-bay Compact Rackmount Chassis
I mean, let's be honest here. ASICMINER doesn't have a 24.576 TH miner, and neither do you. ASICMINER does, however, have a lot of 10 GH miners, which you don't.
1. ASICMINER doesn't have a website
2. ASICMINER doesn't sell Chenbro 4U Open-bay Compact Rackmount Chassis
I mean, let's be honest here. ASICMINER doesn't have a 24.576 TH miner, and neither do you. ASICMINER does, however, have a lot of 10 GH miners, which you don't.
Yes, let's be honest we are going to build these and when we do, how may of those 10 GH/s miners will it take to make 1 of these, the answer is 2,457 and these will use a lot less power to boot.
So yes, your future technology beats ASICMINER's present technology. Future technology always beats present technology.
Let's hope that happens sooner rather than later! Part of me wishes I could be braver and put more in, but I'll hold out at several thousand shares for now.
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.
This is probably a stupid question, but this means that the first 10 million shares will get all profits until BTC0.0025/share is paid in total?
As we have now received a total of BTC0.00000397/share, this leaves 0.00250000 - 0.00000397 = 0.00249603 BTC to be paid per share, right..?
Those were AMC dividends, not ActiveMining ones!
Ah, of course. MOAR DIVIDENDS FOR US!
I think as soon as the higher dividends start hitting, the remaining shares will be snapped up and NRE costs will be in the bag. Would be nice to get the process started ASAP, but I guess people need to see more money before they'll have faith. I'd buy up those 2 million shares if I had that kind of cash!
My thoughts as well, once we start chewing on .0025 it will start getting rabid.
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.
This is probably a stupid question, but this means that the first 10 million shares will get all profits until BTC0.0025/share is paid in total?
As we have now received a total of BTC0.00000397/share, this leaves 0.00250000 - 0.00000397 = 0.00249603 BTC to be paid per share, right..?
Those were AMC dividends, not ActiveMining ones!
I think as soon as the higher dividends start hitting, the remaining shares will be snapped up and NRE costs will be in the bag. Would be nice to get the process started ASAP, but I guess people need to see more money before they'll have faith. I'd buy up those 2 million shares if I had that kind of cash!
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.
This is probably a stupid question, but this means that the first 10 million shares will get all profits until BTC0.0025/share is paid in total?
As we have now received a total of BTC0.00000397/share, this leaves 0.00250000 - 0.00000397 = 0.00249603 BTC to be paid per share, right..?
...Whatever this is, it is going to be a lot bigger than ASICMINER.
I don't think ASICMINER has one of these: 24.576 TH/s, 6 Expansion Cases, 96 256 GH/s boards.
1. ASICMINER doesn't have a website
2. ASICMINER doesn't sell Chenbro 4U Open-bay Compact Rackmount Chassis
I mean, let's be honest here. ASICMINER doesn't have a 24.576 TH miner, and neither do you. ASICMINER does, however, have a lot of 10 GH miners, which you don't.
Yes, let's be honest we are going to build these and when we do, how may of those 10 GH/s miners will it take to make 1 of these, the answer is 2,457 and these will use a lot less power to boot.
You're right, ASICMINER doesn't have a picture of a Chenbro 4U Open-bay Compact Rackmount Chassis on a website. Primarily because:
1. ASICMINER doesn't have a website
2. ASICMINER doesn't sell Chenbro 4U Open-bay Compact Rackmount Chassis
I mean, let's be honest here. ASICMINER doesn't have a 24.576 TH miner, and neither do you. ASICMINER does, however, have a lot of 10 GH miners, which you don't.
1. ASICMINER doesn't have a website
2. ASICMINER doesn't sell Chenbro 4U Open-bay Compact Rackmount Chassis
I mean, let's be honest here. ASICMINER doesn't have a 24.576 TH miner, and neither do you. ASICMINER does, however, have a lot of 10 GH miners, which you don't.
It's really interesting reading some of these comments. Right now, investing in ActiveMining would be seen as too high of a risk for some; which comments like the above reflect. Nevermind when AMC didn't even have an Avalon actually mining back in April/May.
As more of AM's promises come to fruition, AM's price will, again rise (or fall) to reflect the risk involved with investing. And that's OK.
What we have to look forward to in the near future (cross-post from the AMC thread):
AM is currently Hashing at 426.53 GH/s http://www.btcguild.com/index.php?page=rankings§ion=teams with a weekly dividend of .00000139 spread over 40 million shares. This translates to 55.6 BTC per week. Wording in the AM contract is left with the vague impression that only the shares sold so far will recieve dividends. And with only 6 million shares sold at the moment, dividends split 40 million ways, has been reduced to 6M or 6.6x the current dividend pay per share. So, .00000139/share becomes about .00000926/share
Soon(tm) - hopefully sometime this month (300GH of Klondikes will be arriving). At current difficulty, payout becomes .000016205/share
Other things to be looking forward to:
- 20,000 Avalon chips - (end of May and beginging of June orders), for a combined hashrate of 20,000*282 = 5,640 GH/s will be coming online late August.
- Avalon prototype boards - The engineering firm that he employed for the boards has the 60 sample chips from the 2 avalon chip bulk orders, pictures will be coming for those when he gets his hands on them within 2 weeks. There are 20,000 of them incoming. Avalon will start shipping the chips at the beginning of July. AMC has pre-orders a for a few of these, the rest will be built and mined by AM
- AM's proprietary chip - AM has a contract with eASIC to develop their own chip. If we raise money for the chip's NRE, we can start printing them out at cost
- Storage - Springfield Underground is currently for sale. AM is looking into acquiring it to host all of AMC's mining needs when the need arises.
- When do I get my money? - 100% of profit through sales and mining are given to the first 10 million shares sold until .0025BTC is payed per share. I suppose there is a duality here. The less shares sold, the greater the dividends. But on the other side of the coin, the more shares sold, the quicker AM can print their own money with their chip.
- What happens after the .0025BTC/share is paid off? - After 100% of the promise is paid off in the form of dividends, AM will activate their shares and 25Million shares will then start recieving dividends. Up until this point AM will have not been recieving any money.
How do I transfer shares on btc-tc?
At the moment you can only transfer AMC-PT to a bitfunder account. We will be applying for ActiveMining to be
traded on BTC-TC, if and when approved, they have an automatic system for transferring the shares.
How do I transfer shares on btc-tc?
So, how long is it taking for shares to be swapped?
Taking a short break from doing the transfers, the queue is about 6 hours behind right now.
So, how long is it taking for shares to be swapped?
I got most of mine done last night. I did it in two batches just to be safe. Ken's doing them by hand so I'm assuming sometime today he'll start back again with the transfer. It kind of depends how big the queue is now for people waiting to transfer.
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