Topic: [ActiveMining] The Official Active Mining Discussion Thread - page 8. (Read 479475 times)
September 16, 2013, 04:55:16 PM
Not a shock at all. Actually glad to hear it.
September 16, 2013, 04:50:54 PM
September 16, 2013
Subject: ActiveMining’s virtual “Board of Advisors” Stand Down
It is with deep regret that we wish to announce that the current ActiveMining’s virtual “Board of Advisors” is standing down, effective immediately.
The reasons for our resignation are threefold:
1) Some members of the board wish to pursue other avenues within the Bitcoin world that are tied to potential conflicts of time and interest, so the ethical choice is to step-down.
2) The board was originally convened primarily to improve upon pressing communication issues and the initial setup of the internal structure of ActiveMining. Despite our best efforts, some issues still remain in these areas, especially Marketing/PR. As such, we have recommended and facilitated the hiring of professional PR services which Ken has agreed to do.
3) Various strategies being undertaken by ActiveMining are contrary to those being advised and incompatible to the beliefs of current advisors to what would be the best overall outcome. At this time, we feel ActiveMining would be better serviced by a new board with a line of thought more in-line with the CEO vision and/or the hiring of key internal staff, such as a Director of Sales and Marketing.
We have made a number of diligences and recommendations, including:
- Engaging professional PR services to resolve what we see as significant PR and marketing issues.
- Creating a high quality website incorporating a new web store (for which we prepared a template).
- Revamping of the product line-up to reduce costs and to increase clarity for customers (for which we provided specifications) from the consumer to the professional market.
- A more strategic approach to the business as a whole, emphasising profitability and stability (for which we provided detailed guidance).
- Reduced emphasis on the CEO being the key decision maker across all areas of the business. In particular, we strongly recommend that ActiveMining hires new staff in key areas.
- Increased communication and clarity for shareholders.
- Increased information for customers.
We are grateful for the opportunity to serve as virtual advisors for ActiveMining since the 20th August 2013, and we offer our best wishes for its success.
Subject: ActiveMining’s virtual “Board of Advisors” Stand Down
It is with deep regret that we wish to announce that the current ActiveMining’s virtual “Board of Advisors” is standing down, effective immediately.
The reasons for our resignation are threefold:
1) Some members of the board wish to pursue other avenues within the Bitcoin world that are tied to potential conflicts of time and interest, so the ethical choice is to step-down.
2) The board was originally convened primarily to improve upon pressing communication issues and the initial setup of the internal structure of ActiveMining. Despite our best efforts, some issues still remain in these areas, especially Marketing/PR. As such, we have recommended and facilitated the hiring of professional PR services which Ken has agreed to do.
3) Various strategies being undertaken by ActiveMining are contrary to those being advised and incompatible to the beliefs of current advisors to what would be the best overall outcome. At this time, we feel ActiveMining would be better serviced by a new board with a line of thought more in-line with the CEO vision and/or the hiring of key internal staff, such as a Director of Sales and Marketing.
We have made a number of diligences and recommendations, including:
- Engaging professional PR services to resolve what we see as significant PR and marketing issues.
- Creating a high quality website incorporating a new web store (for which we prepared a template).
- Revamping of the product line-up to reduce costs and to increase clarity for customers (for which we provided specifications) from the consumer to the professional market.
- A more strategic approach to the business as a whole, emphasising profitability and stability (for which we provided detailed guidance).
- Reduced emphasis on the CEO being the key decision maker across all areas of the business. In particular, we strongly recommend that ActiveMining hires new staff in key areas.
- Increased communication and clarity for shareholders.
- Increased information for customers.
We are grateful for the opportunity to serve as virtual advisors for ActiveMining since the 20th August 2013, and we offer our best wishes for its success.
September 16, 2013, 04:43:34 PM
eASIC announcement and price adjustment wasn't made until September, so expect next months report to be fucking spectacular. Thanks again, PR
I just checked the group buy sub, and don't see a single thread for organizing an ACTM purchase.
BitFury? Of course there are tons! (I'm in one.)
KnC? Yes, plenty of those! (I'm in more than a couple.)
HashFast? Sure, at least 4-5!
CoinTerra? You bet, I see at 5-6!
ActiveMining? Hmm that's funny, there don't seem to be any!
See for yourself: https://bitcointalk.org/index.php?board=137.0
September 16, 2013, 04:42:44 PM
...based on? Confirmed net hashrate of all the companies I mentioned above is umm...what's ActM's hashrate again? 430Gh? ...and how much have these companies absorbed from the crypto security market? Performance to date is rather unimpressive to put it mildly. Let's add the total market cap of all of these companies and calculate the yield based on their hashrate shall we? I believe that return would be similar to what you'd get from the local counterfeiter banker for opening a savings account.
Growth investors are flocking to these things, yield investors need not bother. So here you have another pure growth play with no growth catalyst for months into the future.
Growth investors are flocking to these things, yield investors need not bother. So here you have another pure growth play with no growth catalyst for months into the future.
Sigh...
Please do the best you can. I'll do the same.
September 16, 2013, 04:38:51 PM
I'd guess that management at these companies will do fine, but their shareholders will not.
Completely disagree.
Time will tell, however
...based on? Confirmed net hashrate of all the companies I mentioned above is umm...what's ActM's hashrate again? 430Gh? ...and how much have these companies absorbed from the crypto security market? Performance to date is rather unimpressive to put it mildly. Let's add the total market cap of all of these companies and calculate the yield based on their hashrate shall we? I believe that return would be similar to what you'd get from the local
Growth investors are flocking to these things, yield investors need not bother. So here you have another pure growth play with no growth catalyst for months into the future.
September 16, 2013, 04:34:20 PM
eASIC announcement and price adjustment wasn't made until September, so expect next months report to be fucking spectacular. Thanks again, PR
September 16, 2013, 04:29:51 PM
Weekly Post
We are in the process of hiring a PR firm to help us keep all of our Investor and Customers up to date on the progress of
Active Mining.
We have received the Avalon refund and we are holding it in reserve for expenses for engineering the PCIe boards.
After the eAsic announcement and the price reduction on our Fast-Hash editions of machines we have seen an major increase in sales.
We will start announcing our sales figures after the 15th of the month for the previous months sales. This gives time for the sales at the
the end of the month to complete.
Here are the August sales:
Total $89,969.00
Average $2,902.23
Edit: The above sales figures are the actual revenue received.
Edit: Added July Sales:
Total $20,495.00
Average $661.13/Day
Active Mining PR Staff
We are in the process of hiring a PR firm to help us keep all of our Investor and Customers up to date on the progress of
Active Mining.
We have received the Avalon refund and we are holding it in reserve for expenses for engineering the PCIe boards.
After the eAsic announcement and the price reduction on our Fast-Hash editions of machines we have seen an major increase in sales.
We will start announcing our sales figures after the 15th of the month for the previous months sales. This gives time for the sales at the
the end of the month to complete.
Here are the August sales:
Total $89,969.00
Average $2,902.23
Edit: The above sales figures are the actual revenue received.
Edit: Added July Sales:
Total $20,495.00
Average $661.13/Day
Active Mining PR Staff
Gentlemen, we are the new wealthy elite
September 16, 2013, 04:26:51 PM
...
After the eAsic announcement and the price reduction on our Fast-Hash editions of machines we have seen an major increase in sales.
...
Here are the August sales:
Total $89,969.00
Average $2,902.23
How about previous month sales? Don't you have some catching up to do instead of just announcing August? Thanks..After the eAsic announcement and the price reduction on our Fast-Hash editions of machines we have seen an major increase in sales.
...
Here are the August sales:
Total $89,969.00
Average $2,902.23
eg. how about july?
You're adorable! When ur PR tells u that ActM has "seen an major increase in sales" [sic], and the total is $89k, that means *there were no other sales*
September 16, 2013, 04:26:26 PM
CORRECT. We've also known that ActM was going to fill this lengthy hashing void with a large chip order from Avalon that through no fault of ActM's will not happen. However it doesn't change the fact that there's no reason whatsoever to invest in this security at this time. As people recognize this fact and sell the share price drops.
That's all fine and well.
I'm starting to come to the conclusion that seemingly few people in the bitcoin securities space can even comprehend a time frame longer than 2-3 weeks. There's nothing inherently wrong with that - I mean after all, if Company A isn't making you money right this moment, Company B might be able to. Sure, fine, go look into Company B. But the idea that Company A is totally inept for not producing at this moment (which they told you they wouldn't be able to beforehand) is immensely shortsighted. And to then use that as a foundation to make a statement like "there's no reason whatsoever to invest" goes almost perfectly against what an investment ought to be
That argument will cut in several directions. Traditional mining companies such as the one I manage have had their share prices crushed by the perception that only large players such as ActM,
There is no "collision" course, shithead. Go ahead.. make ONE more post in this thread and I will troll your thread to shit. That's a promise..
September 16, 2013, 04:23:52 PM
I'd guess that management at these companies will do fine, but their shareholders will not.
Completely disagree.
Time will tell, however
September 16, 2013, 04:20:30 PM
CORRECT. We've also known that ActM was going to fill this lengthy hashing void with a large chip order from Avalon that through no fault of ActM's will not happen. However it doesn't change the fact that there's no reason whatsoever to invest in this security at this time. As people recognize this fact and sell the share price drops.
That's all fine and well.
I'm starting to come to the conclusion that seemingly few people in the bitcoin securities space can even comprehend a time frame longer than 2-3 weeks. There's nothing inherently wrong with that - I mean after all, if Company A isn't making you money right this moment, Company B might be able to. Sure, fine, go look into Company B. But the idea that Company A is totally inept for not producing at this moment (which they told you they wouldn't be able to beforehand) is immensely shortsighted. And to then use that as a foundation to make a statement like "there's no reason whatsoever to invest" goes almost perfectly against what an investment ought to be
That argument will cut in several directions. Traditional mining companies such as the one I manage have had their share prices crushed by the perception that only large players such as ActM,
September 16, 2013, 04:19:57 PM
Week Post
We are in the process of hiring a PR firm to help us keep all of our Investor and Customers up to date on the progress of
Active Mining.
We have received the Avalon refund and we are holding it in reserve for expenses for engineering the PCIe boards.
After the eAsic announcement and the price reduction on our Fast-Hash editions of machines we have seen an major increase in sales.
We will start announcing our sales figures after the 15th of the month for the previous months sales. This gives time for the sales at the
the end of the month to complete.
Here are the August sales:
Total $89,969.00
Average $2,902.23
Active Mining PR Staff
We are in the process of hiring a PR firm to help us keep all of our Investor and Customers up to date on the progress of
Active Mining.
We have received the Avalon refund and we are holding it in reserve for expenses for engineering the PCIe boards.
After the eAsic announcement and the price reduction on our Fast-Hash editions of machines we have seen an major increase in sales.
We will start announcing our sales figures after the 15th of the month for the previous months sales. This gives time for the sales at the
the end of the month to complete.
Here are the August sales:
Total $89,969.00
Average $2,902.23
Active Mining PR Staff
How about previous month sales? Don't you have some catching up to do instead of just announcing August? Thanks..
eg. how about july?
September 16, 2013, 04:11:02 PM
Week Post
We are in the process of hiring a PR firm to help us keep all of our Investor and Customers up to date on the progress of
Active Mining.
We have received the Avalon refund and we are holding it in reserve for expenses for engineering the PCIe boards.
After the eAsic announcement and the price reduction on our Fast-Hash editions of machines we have seen an major increase in sales.
We will start announcing our sales figures after the 15th of the month for the previous months sales. This gives time for the sales at the
the end of the month to complete.
Here are the August sales:
Total $89,969.00
Average $2,902.23
Active Mining PR Staff
We are in the process of hiring a PR firm to help us keep all of our Investor and Customers up to date on the progress of
Active Mining.
We have received the Avalon refund and we are holding it in reserve for expenses for engineering the PCIe boards.
After the eAsic announcement and the price reduction on our Fast-Hash editions of machines we have seen an major increase in sales.
We will start announcing our sales figures after the 15th of the month for the previous months sales. This gives time for the sales at the
the end of the month to complete.
Here are the August sales:
Total $89,969.00
Average $2,902.23
Active Mining PR Staff
Thanks mate! Glad to see things are moving along.
September 16, 2013, 04:01:13 PM
Week Post
We are in the process of hiring a PR firm to help us keep all of our Investor and Customers up to date on the progress of
Active Mining.
We have received the Avalon refund and we are holding it in reserve for expenses for engineering the PCIe boards.
After the eAsic announcement and the price reduction on our Fast-Hash editions of machines we have seen an major increase in sales.
We will start announcing our sales figures after the 15th of the month for the previous months sales. This gives time for the sales at the
the end of the month to complete.
Here are the August sales:
Total $89,969.00
Average $2,902.23
Active Mining PR Staff
We are in the process of hiring a PR firm to help us keep all of our Investor and Customers up to date on the progress of
Active Mining.
We have received the Avalon refund and we are holding it in reserve for expenses for engineering the PCIe boards.
After the eAsic announcement and the price reduction on our Fast-Hash editions of machines we have seen an major increase in sales.
We will start announcing our sales figures after the 15th of the month for the previous months sales. This gives time for the sales at the
the end of the month to complete.
Here are the August sales:
Total $89,969.00
Average $2,902.23
Active Mining PR Staff
Thanks
September 16, 2013, 03:59:02 PM
Weekly Post
We are in the process of hiring a PR firm to help us keep all of our Investor and Customers up to date on the progress of
Active Mining.
We have received the Avalon refund and we are holding it in reserve for expenses for engineering the PCIe boards.
After the eAsic announcement and the price reduction on our Fast-Hash editions of machines we have seen an major increase in sales.
We will start announcing our sales figures after the 15th of the month for the previous months sales. This gives time for the sales at the
the end of the month to complete.
Here are the August sales:
Total $89,969.00
Average $2,902.23
Edit: The above sales figures are the actual revenue received.
Edit: Added July Sales:
Total $20,495.00
Average $661.13/Day
Active Mining PR Staff
We are in the process of hiring a PR firm to help us keep all of our Investor and Customers up to date on the progress of
Active Mining.
We have received the Avalon refund and we are holding it in reserve for expenses for engineering the PCIe boards.
After the eAsic announcement and the price reduction on our Fast-Hash editions of machines we have seen an major increase in sales.
We will start announcing our sales figures after the 15th of the month for the previous months sales. This gives time for the sales at the
the end of the month to complete.
Here are the August sales:
Total $89,969.00
Average $2,902.23
Edit: The above sales figures are the actual revenue received.
Edit: Added July Sales:
Total $20,495.00
Average $661.13/Day
Active Mining PR Staff
September 16, 2013, 03:44:49 PM
AMC had an IPO at .0005 prior to them being restructured into ActiveMining at least if you bought on Bitfunder, not sure about BTCT, technically they are still 3.5x higher than that price,
Im not trying to defend Ken but the BTC securities market is so tiny and tends to over react upon any news, while the share price is falling perhaps its better this way considering that any news tends to be misinterpreted and just leads to being a unnecessary task of holding many people's hands,
Im not trying to defend Ken but the BTC securities market is so tiny and tends to over react upon any news, while the share price is falling perhaps its better this way considering that any news tends to be misinterpreted and just leads to being a unnecessary task of holding many people's hands,
How many shares were sold at .0005?
September 16, 2013, 03:36:30 PM
hello,
I'd like to buy a lot of shares at the bottom. Are we there yet?
I'd like to buy a lot of shares at the bottom. Are we there yet?
No.... [Goes to buy more cheap shares.]
I'm overloaded with ActM... I would buy more if I wasn't so over-exposed!
September 16, 2013, 03:35:05 PM
hello,
I'd like to buy a lot of shares at the bottom. Are we there yet?
I'd like to buy a lot of shares at the bottom. Are we there yet?
Slow & steady down, the pumpers gave up or got bored.
21:12 (S) 43 @ 0.00252100 ACTIVEMINING
September 16, 2013, 03:34:48 PM
hello,
I'd like to buy a lot of shares at the bottom. Are we there yet?
I'd like to buy a lot of shares at the bottom. Are we there yet?
No.... [Goes to buy more cheap shares.]
September 16, 2013, 03:34:46 PM
CORRECT. We've also known that ActM was going to fill this lengthy hashing void with a large chip order from Avalon that through no fault of ActM's will not happen. However it doesn't change the fact that there's no reason whatsoever to invest in this security at this time. As people recognize this fact and sell the share price drops.
That's all fine and well.
I'm starting to come to the conclusion that seemingly few people in the bitcoin securities space can even comprehend a time frame longer than 2-3 weeks. There's nothing inherently wrong with that - I mean after all, if Company A isn't making you money right this moment, Company B might be able to. Sure, fine, go look into Company B. But the idea that Company A is totally inept for not producing at this moment (which they told you they wouldn't be able to beforehand) is immensely shortsighted. And to then use that as a foundation to make a statement like "there's no reason whatsoever to invest" goes almost perfectly against what an investment ought to be
There is something to be said for the opportunity cost argument, but I do completely agree with you that that does not equate to the Company A (in your example) categorically not being a good investment. It's simply not a short term one.
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