Topic: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] - page 177. (Read 771288 times)

Interestingly theBishop went right into my retards list after his first posts in Securities.
I couldn't believe someone could still be so dumb - thankfully we now know it's not someone new.
Maybe I should make it a subscription service!

It's the internet equivalent of trespassing.

Source: used to mod a forum with 20,000+ active users and contacted ISP's regularly

Holy hell thanks for the laugh. There is no hacking going on by joining a forum over and over. None. There could be charge pressed if they accessed the admin panel and removed the ban, and you could prove it; or they are making some kind of death threats and the like. There is no illegal activity in being a troll on a forum. You have to ban the IP and so forth to mitigate the trolls/spambots and so forth.

I would love to see a case where a forum owner sued a troll tho. That would be classic.
FYI, here you go since you were too lazy to link it yourself.
http://www.expertlaw.com/forums/showthread.php?t=96783

Holy hell thanks for the laugh.

What do you think hacking is?  The actual laws broken were "unauthorized access to computers and computer networks."  If you know that you don't belong on a system (like being B&), and you get on the system anyway (unlawful access), you could be V&.  Find out about that, it's kind of creepy.  Google it.
Again, I'm not saying that anyone will go after some kid d*cking around on a forum, but the laws are there.  No need to bring China into this.

*Getting B& is not a crime, but logging on after being banned is.  Just because something is a crime doesn't mean that you will surely get punished, only that you *could*, if things go wrong.  And i'm pretty sure you knew what i meant without me typing an essay about it.

Just crunching some numbers here...

$6,300,000 in sales
Over $1,000,000 from the Avalon refunds
Let's assume everything else has been spent.

Those sales would total around 780,000 GH (based on an average of $8/gh cost price? Big (conservative) guess here.)
Let's assume hardware cost is about $1/gh to produce - that seems to be a pretty reasonable number - bugger it, let's go conservative at $2/GH, meh, an additional 100% margin for error on conservative numbers.

$1.56mil is needed to fulfill pre-orders, which leaves ActM with $5.74mil capital.

$5.74mil spent on miners at $2/gh = 2.870 petahash

If we could get that online within a month we'd have 10% network share. Within two months we'd have 5% network share. Within 3 months 2.5% network share.
or... 360 btc/day, 180btc/day or 90btc/day respectively.

Lets say 90BTC/day - If this is paid 100% on dividends it's 0.000063btc/share/week until the first 0.0025 is paid out. Which it would within 9 months if ActM can hold 2.5% network share.

Can ActM hold network share? Well, there is only one other company we know of that is selling shovels and also mining with them, that's ASICMiner. These two companies can race to the bottom faster than any other miner, including manufacturer-miners who aren't selling hardware. In theory ActM can therefore gain network share very quickly. In theory with even just 90btc/day revenue ActM can add 36TH/day, or 1PH/month. Not including hashrate increases from sales.

I've separately calculated the chip production cost for ActM to be around $0.5/GH which makes the $/GH estimates above fairly conservative.

I almost wasn't going to bother with a best case estimate but what the hell, this place is low on positivity and christmas cheer. It's even low on pessimistic realism.

10% network share would be 0.0002769/share/week - it would take 9 weeks at that rate to pay out 0.0025 btc - OR - 144TH/day (4.3PH/month) - plus $5mil/month in hardware sales - total = 6.8PH/month
With those numbers we could rapidly grow to 20% network share which would bring us about 520 BTC/day - allowing us to add 200+TH/day or around 6.2PH/month (not including hardware sales)

TLDR;
We will have chips
We will have more pre-orders (and they will exceed order cancellations)
We will have $5.7mil+ to blow on hashrate
We will have x% market share
We will get our 0.0025 back within a year

It's just a matter of when, although even 3 months from now would make every bitching little kid in this thread very happy.

That 1Nbq...SeX address is definitely KNC gear btw.

Aaron Swartz hacked and broke actual laws. It's not a criminal offense to get banned from a forum and then make a new account on it. They can ban you again but they can't call the cops on you.

Oh, how wrong you are, JoTheKahn, how wrong you are!
Most of the hacking cases pivot on "unauthorized access to computers and networks."  Aaron Swartz hung himself over it, Weev is doing time for it.  It's a crime if someone decides to prosecute - the laws are there, they're real, and people should know that they exist :/
But that's not what i was talking about.  I meant in a "breaks forum rules" sense. 

It's not a crime. It can't be prosecuted against in any court of law in any country (maybe China? Idk what they are doing over there) on this planet.

You clearly haven't learned your lesson, zumzishop.  Ban evasion is a serious crime.  As admirable as I find your ass-sucking and toadying up to the mads to be, I'm afraid you'll nevertheless need to remove yourself from this forum for 2 (two) whole weeks before I lift your ban.

I don't want to have to worn you again.  You are on the road to ruin, young man; straighten up and fly right.

I was given a two week ban for trolling following a rather distasteful row with VE.  I thought you guys knew this? StuartUk, VE, crumbs and myself all got the same treatment as far as I know which was an excellent move on the part of the mods who I congratulate for doing so.  It means that finally they will take action against trolls which frees up this message board somewhat and allows for discussion.  Looking back at this last weeks posts, I'd say it was an absolute success!  


Edit:  at the end of the day the mods on this forum are very anti-censorship and rightfully so, but were forced to intervene because it got so out of hand.  

No.  zumzero.  You like?