Topic: [ActiveMining] The Official Active Mining Discussion Thread - page 68. (Read 479475 times)
September 05, 2013, 04:25:55 AM
I think that the news is over we are heading back into 0.003 territory. Not a lot of confidence over here.
September 05, 2013, 04:24:34 AM
so, the NDA is over, now?
Or is it still up and the eAsic press release is all we get for now?
Can we expect some more chip info from Ken?
Or is it still up and the eAsic press release is all we get for now?
Can we expect some more chip info from Ken?
September 05, 2013, 04:21:08 AM
Would people stop going on about their trading experiences please. No one really cares. Either write a diary or head over to the spec thread.
September 05, 2013, 02:36:52 AM
People who think they are smart enough to day trade are in for a shock - what you've described above is purely luck. but you will come unstuck one day.
I did the same thing, sold LC to buy ActM at 0.0039 when I saw the press release, then sold ActM as soon as I could when is stopped shooting up. I made about 65% in 20 minutes.
There was luck in being one of the first people to see the news, but other then that it was super obvious that the price would shoot up, and there was no reason to hold once it seemed like it peaked, since no more news was going to be coming.
People who look at charts and try to guess where stocks are going to go are being ridiculous. But trading on news is not very difficult if you're quick off the blocks. In a real market the news would be processed by everyone nearly instantly.
September 05, 2013, 02:31:51 AM
For those who are a bit slow on the uptake, think of how ActM's price just shot up to 0.006x BTC in minutes just from confirmation that there would be no new hashing power till half way through November. Now, think about how LC's price is going to increase when then actually start mining and paying divs in a couple of days. It should be obvious the price is going to smash 0.01 BTC and it's going to do so in a matter of minutes. This will cause big selloffs in ActM as people switch to LC, like we just saw with people selling LC to buy ActM.
and then think about, come mid-november, which ActM blasts LC out of the pond with hashing power, whats going to happen to respective share prices. Sorry buddy, I'm in for the long haul.
Which is when you sell LC and buy ActM. See how much more profitable it can be when you invest your BTC and not your emotions?
Mabs. Why not start your own trading thread?
September 05, 2013, 02:13:55 AM
For those who are a bit slow on the uptake, think of how ActM's price just shot up to 0.006x BTC in minutes just from confirmation that there would be no new hashing power till half way through November. Now, think about how LC's price is going to increase when then actually start mining and paying divs in a couple of days. It should be obvious the price is going to smash 0.01 BTC and it's going to do so in a matter of minutes. This will cause big selloffs in ActM as people switch to LC, like we just saw with people selling LC to buy ActM.
and then think about, come mid-november, which ActM blasts LC out of the pond with hashing power, whats going to happen to respective share prices. Sorry buddy, I'm in for the long haul.
Which is when you sell LC and buy ActM. See how much more profitable it can be when you invest your BTC and not your emotions?
September 05, 2013, 01:45:47 AM
For those who are a bit slow on the uptake, think of how ActM's price just shot up to 0.006x BTC in minutes just from confirmation that there would be no new hashing power till half way through November. Now, think about how LC's price is going to increase when then actually start mining and paying divs in a couple of days. It should be obvious the price is going to smash 0.01 BTC and it's going to do so in a matter of minutes. This will cause big selloffs in ActM as people switch to LC, like we just saw with people selling LC to buy ActM.
and then think about, come mid-november, which ActM blasts LC out of the pond with hashing power, whats going to happen to respective share prices. Sorry buddy, I'm in for the long haul.
Why not both? I was with ACTM since 0.0005, then sold around LC IPO where ACTM was quite high. Then, yesterday I sold my LC position to ride th ACTM wave and sold ACTM again at ~0.66 - 0.68 and bought back LC. When LC will be high when it's mining I will sell it again to ride the november ACTM wave.
I mean, it's like free money, who wouldn't want to take it? I don't get all this trolls in both threads, it's like a bunch of kids fighting and I ignored most of them. I think most of us make a decent amount of money here so why all this whining and trolling?
People who think they are smart enough to day trade are in for a shock - what you've described above is purely luck. but you will come unstuck one day.
Yes daytrading is risky and for the long run, I believe in ActM, but it is given that LC will rise next week IF they keep their promises.
September 05, 2013, 01:41:42 AM
For those who are a bit slow on the uptake, think of how ActM's price just shot up to 0.006x BTC in minutes just from confirmation that there would be no new hashing power till half way through November. Now, think about how LC's price is going to increase when then actually start mining and paying divs in a couple of days. It should be obvious the price is going to smash 0.01 BTC and it's going to do so in a matter of minutes. This will cause big selloffs in ActM as people switch to LC, like we just saw with people selling LC to buy ActM.
and then think about, come mid-november, which ActM blasts LC out of the pond with hashing power, whats going to happen to respective share prices. Sorry buddy, I'm in for the long haul.
Why not both? I was with ACTM since 0.0005, then sold around LC IPO where ACTM was quite high. Then, yesterday I sold my LC position to ride th ACTM wave and sold ACTM again at ~0.66 - 0.68 and bought back LC. When LC will be high when it's mining I will sell it again to ride the november ACTM wave.
I mean, it's like free money, who wouldn't want to take it? I don't get all this trolls in both threads, it's like a bunch of kids fighting and I ignored most of them. I think most of us make a decent amount of money here so why all this whining and trolling?
People who think they are smart enough to day trade are in for a shock - what you've described above is purely luck. but you will come unstuck one day.
September 05, 2013, 01:36:42 AM
For those who are a bit slow on the uptake, think of how ActM's price just shot up to 0.006x BTC in minutes just from confirmation that there would be no new hashing power till half way through November. Now, think about how LC's price is going to increase when then actually start mining and paying divs in a couple of days. It should be obvious the price is going to smash 0.01 BTC and it's going to do so in a matter of minutes. This will cause big selloffs in ActM as people switch to LC, like we just saw with people selling LC to buy ActM.
Mate your amateur attempt at share price manipulation is getting pretty tiresome.
Anyone that wanted to move to buy Labcoin would have by now.
September 05, 2013, 01:33:26 AM
For those who are a bit slow on the uptake, think of how ActM's price just shot up to 0.006x BTC in minutes just from confirmation that there would be no new hashing power till half way through November. Now, think about how LC's price is going to increase when then actually start mining and paying divs in a couple of days. It should be obvious the price is going to smash 0.01 BTC and it's going to do so in a matter of minutes. This will cause big selloffs in ActM as people switch to LC, like we just saw with people selling LC to buy ActM.
and then think about, come mid-november, which ActM blasts LC out of the pond with hashing power, whats going to happen to respective share prices. Sorry buddy, I'm in for the long haul.
Why not both? I was with ACTM since 0.0005, then sold around LC IPO where ACTM was quite high. Then, yesterday I sold my LC position to ride th ACTM wave and sold ACTM again at ~0.66 - 0.68 and bought back LC. When LC will be high when it's mining I will sell it again to ride the november ACTM wave.
I mean, it's like free money, who wouldn't want to take it? I don't get all this trolls in both threads, it's like a bunch of kids fighting and I ignored most of them. I think most of us make a decent amount of money here so why all this whining and trolling?
September 05, 2013, 01:33:06 AM
For those who are a bit slow on the uptake, think of how ActM's price just shot up to 0.006x BTC in minutes just from confirmation that there would be no new hashing power till half way through November. Now, think about how LC's price is going to increase when then actually start mining and paying divs in a couple of days. It should be obvious the price is going to smash 0.01 BTC and it's going to do so in a matter of minutes. This will cause big selloffs in ActM as people switch to LC, like we just saw with people selling LC to buy ActM.
and then think about, come mid-november, which ActM blasts LC out of the pond with hashing power, whats going to happen to respective share prices. Sorry buddy, I'm in for the long haul.
Exactly.
Activemining is scaleable to the tits, and will start Slaughtering the race to largest farm. Labcoin says they plan on deploying 200-300 TH this year. ACTM will probably have that right away with only 10 fully packed Platinum miners, once the chips starts rolling in Watch out!
Ps. You have to remember this news hasnt hit Coindesk, Genesis Block etc. yet
September 05, 2013, 01:27:12 AM
For those who are a bit slow on the uptake, think of how ActM's price just shot up to 0.006x BTC in minutes just from confirmation that there would be no new hashing power till half way through November. Now, think about how LC's price is going to increase when then actually start mining and paying divs in a couple of days. It should be obvious the price is going to smash 0.01 BTC and it's going to do so in a matter of minutes. This will cause big selloffs in ActM as people switch to LC, like we just saw with people selling LC to buy ActM.
and then think about, come mid-november, which ActM blasts LC out of the pond with hashing power, whats going to happen to respective share prices. Sorry buddy, I'm in for the long haul.
September 05, 2013, 01:25:37 AM
For those who are a bit slow on the uptake, think of how ActM's price just shot up to 0.006x BTC in minutes just from confirmation that there would be no new hashing power till half way through November. Now, think about how LC's price is going to increase when then actually start mining and paying divs in a couple of days. It should be obvious the price is going to smash 0.01 BTC and it's going to do so in a matter of minutes. This will cause big selloffs in ActM as people switch to LC, like we just saw with people selling LC to buy ActM.
September 05, 2013, 01:12:26 AM
eASIC press release:
http://virtualminingcorp.com/pr130904.pdf
http://www.easic.com/vmc-uses-easic-to-achieve-24-756-ths-bitcoin-miner/
Additional important news for shareholders from Ken via the Advisory Board:
First units on schedule for second half of November.
PR will post this formally shortly (re: press release)
http://virtualminingcorp.com/pr130904.pdf
http://www.easic.com/vmc-uses-easic-to-achieve-24-756-ths-bitcoin-miner/
Additional important news for shareholders from Ken via the Advisory Board:
First units on schedule for second half of November.
PR will post this formally shortly (re: press release)
So, it looks like I was right all along with my November claims.
That was very insightful of you. Perhaps you guessed the date by reading the first post of the thread?
No I read the second post in the thread, and claimed delivery would be in November. VBS tried to claim I was wrong, yet wouldn't provide his alternative time line. Now it's official. Hash rate will not be increasing until November.
September 05, 2013, 01:08:17 AM
Link to official Press Release: http://virtualminingcorp.com/pr130904.pdf
Quote
VMC uses eASIC to Achieve 24.756 TH/s Bitcoin Miner
VMC develops custom ASIC using eASIC 28nm Nextreme-3 device to significantly increase performance
while reducing power consumption
Santa Clara, CA and Springfield, MO – September 4, 2013 – eASIC Corporation, a
leading provider of NEW ASIC devices and Virtual Mining Corporation (VMC) today announced
that VMC will use eASICs 28nm Nextreme-3 devices to create a series of scalable Bitcoin
mining machines capable of generating up to 24.756 TH/s (tera hashes per second) of
cryptographic hashes.
“The fast design and turnaround time of Nexteme-3 28nm single via configuration ASIC devices
coupled with the impressive performance and low power makes this an ideal solution for our
Fast-Hash-One Bitcoin Mining Machines,” said Kenneth E. Slaughter, CEO of VMC. “The
performance we have seen from the 28nm Nextreme-3 family has allowed us to develop a
scalable platform that provides the computing power to satisfy the most demanding Bitcoin
Mining cryptography problem.” added Slaughter.
“VMC has used its vast cryptographic algorithm experience to take full advantage of the
advanced performance and power reduction features in our Nextreme-3 28nm architecture,”
said Jasbinder Bhoot, VP of Marketing at eASIC. “This has allowed VMC to architect the
highest performing Bitcoin mining hardware in the industry, while reducing overall power
consumption,” added Bhoot.
while reducing power consumption
Santa Clara, CA and Springfield, MO – September 4, 2013 – eASIC Corporation, a
leading provider of NEW ASIC devices and Virtual Mining Corporation (VMC) today announced
that VMC will use eASICs 28nm Nextreme-3 devices to create a series of scalable Bitcoin
mining machines capable of generating up to 24.756 TH/s (tera hashes per second) of
cryptographic hashes.
“The fast design and turnaround time of Nexteme-3 28nm single via configuration ASIC devices
coupled with the impressive performance and low power makes this an ideal solution for our
Fast-Hash-One Bitcoin Mining Machines,” said Kenneth E. Slaughter, CEO of VMC. “The
performance we have seen from the 28nm Nextreme-3 family has allowed us to develop a
scalable platform that provides the computing power to satisfy the most demanding Bitcoin
Mining cryptography problem.” added Slaughter.
“VMC has used its vast cryptographic algorithm experience to take full advantage of the
advanced performance and power reduction features in our Nextreme-3 28nm architecture,”
said Jasbinder Bhoot, VP of Marketing at eASIC. “This has allowed VMC to architect the
highest performing Bitcoin mining hardware in the industry, while reducing overall power
consumption,” added Bhoot.
I've just checked Ken's latest posts, and I don't see a "told ya so" - I think this clearly lacks judgement on his part... lol
But thank you one and all, I increased my holdings by 12,000 shares during the kiddy tantrums, and I've just increase the value of my holdings by a crap tonne. Told ya so!
September 05, 2013, 01:07:54 AM
seriously...? my crappy part-time job made me miss the eASIC press release too? My god. I need to quit. I missed out on 100% profit today because of a job I get paid $70 three days per week for. Funny how your job can be a liability in regards to making money.
I was working today too :[ I was fortunate to get some low before work luckily enough..
September 05, 2013, 01:02:21 AM
eASIC press release:
http://virtualminingcorp.com/pr130904.pdf
http://www.easic.com/vmc-uses-easic-to-achieve-24-756-ths-bitcoin-miner/
Additional important news for shareholders from Ken via the Advisory Board:
First units on schedule for second half of November.
PR will post this formally shortly (re: press release)
http://virtualminingcorp.com/pr130904.pdf
http://www.easic.com/vmc-uses-easic-to-achieve-24-756-ths-bitcoin-miner/
Additional important news for shareholders from Ken via the Advisory Board:
First units on schedule for second half of November.
PR will post this formally shortly (re: press release)
So, it looks like I was right all along with my November claims.
That was very insightful of you. Perhaps you guessed the date by reading the first post of the thread?
September 05, 2013, 12:56:12 AM
eASIC press release:
http://virtualminingcorp.com/pr130904.pdf
http://www.easic.com/vmc-uses-easic-to-achieve-24-756-ths-bitcoin-miner/
Additional important news for shareholders from Ken via the Advisory Board:
First units on schedule for second half of November.
PR will post this formally shortly (re: press release)
http://virtualminingcorp.com/pr130904.pdf
http://www.easic.com/vmc-uses-easic-to-achieve-24-756-ths-bitcoin-miner/
Additional important news for shareholders from Ken via the Advisory Board:
First units on schedule for second half of November.
PR will post this formally shortly (re: press release)
So, it looks like I was right all along with my November claims.
Second half of November, to be exact.
September 05, 2013, 12:53:22 AM
eASIC press release:
http://virtualminingcorp.com/pr130904.pdf
http://www.easic.com/vmc-uses-easic-to-achieve-24-756-ths-bitcoin-miner/
Additional important news for shareholders from Ken via the Advisory Board:
First units on schedule for second half of November.
PR will post this formally shortly (re: press release)
http://virtualminingcorp.com/pr130904.pdf
http://www.easic.com/vmc-uses-easic-to-achieve-24-756-ths-bitcoin-miner/
Additional important news for shareholders from Ken via the Advisory Board:
First units on schedule for second half of November.
PR will post this formally shortly (re: press release)
So, it looks like I was right all along with my November claims.
September 05, 2013, 12:43:43 AM
If you're not selling, you're losing.
The news has been public for an hour and 15 minutes and your selling?
I bought in between 0.004 and 0.0045 and sold between 0.006 and 0.0065. The price is going to drop back down to what is was before. I also made a profit from selling my LC shares as I bought back in slightly cheaper than I sold. I was pretty lucky to be able to take advantage of the bubble.
Wait, so all this time you were spreading FUD you were holding ActM and anticipating a rise? You are such a liar.
No. I sold my LC, bought ActM, sold ACTM and then rebought LC.
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