[ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] - page 187.

Mabsark

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Quote from: kleeck on January 01, 2014, 10:49:42 PM

Quote from: Mabsark on January 01, 2014, 09:15:37 PM

Quote from: kleeck on January 01, 2014, 09:06:02 PM

Right. So given that this amount was raised completely in Q4 then we can multiple it by 4 for an accurate share value for the year: 0.00322248.

No, because we don't how much of that is profit and simply multiplying it by 4 would not be accurate. As the network hash rate increases, the profits would fall as the chips became less desirable.

Hence my "P.s." Your method for valuation is weak at best. Stick with "no chips = 0.00BTC/share newfagz!". It actually makes more sense.

I didn't provide a method for valuation.

kleeck

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https://karatcoin.co

Quote from: Mabsark on January 01, 2014, 09:15:37 PM

Quote from: kleeck on January 01, 2014, 09:06:02 PM

Right. So given that this amount was raised completely in Q4 then we can multiple it by 4 for an accurate share value for the year: 0.00322248.

No, because we don't how much of that is profit and simply multiplying it by 4 would not be accurate. As the network hash rate increases, the profits would fall as the chips became less desirable.

Hence my "P.s." Your method for valuation is weak at best. Stick with "no chips = 0.00BTC/share newfagz!". It actually makes more sense.

MilkyLep

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Bitcoin for all & all for Bitcoin

I think the points that auto has touched on below are beyond valid and warrant a response in the next update or even prior. There seems to be vast amounts of information we have been missing while waiting on weekly updates.

Quote from: auto2nr1 on January 01, 2014, 08:28:29 PM

Ken please give us a real update. Let's start with the following.

1. Crypto-Trade.com - Please give us a DATE of when we will start trading.
2. Miners - Please take several detailed PICTURES of the assembled miners.
3. Chips - Please give us a DATE as to when we will receive chips for final assembly.
4. Farm - Please give us a PROJECTION as to how much hashpower we will bring online and a DATE as to when this will happen.

Please give us details and a few paragraphs of ActiveMining's game plan for Q1 2014. Thanks.

Vigil

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Quote from: ?? on ??

Quote from: Vigil on January 01, 2014, 08:12:32 PM

Because if you have been paying attention he has 250 TH on Eligius running rather consistently and being optimized.

You can't possibly be serious.

This is just my feeble and desperate attempt to console my ever deepening fears that all is lost.

toastee

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to the moon, etc.

Ken, thanks for the update but for shareholders this is simply not enough. We need to know when we can trade our shares on CT like you said. This is now way overdue. Please address this immediately.

Mabsark

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Quote from: kleeck on January 01, 2014, 09:06:02 PM

Right. So given that this amount was raised completely in Q4 then we can multiple it by 4 for an accurate share value for the year: 0.00322248.

No, because we don't how much of that is profit and simply multiplying it by 4 would not be accurate. As the network hash rate increases, the profits would fall as the chips became less desirable.

babybonobo

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#hardworkpaysoff

Quote from: kslaughter on January 01, 2014, 08:00:32 PM

Weekly Update 1/1/14

Happy New Year!

The new year looks bright for Active Mining as we continue to assemble our miners for quick delivery.

Not a lot of changes from last weeks update:

We are also continuing to develop our Intellihash program and with our 2013 sales at $6,311,788.33 we have a very good share of the market.

We have been working 100% on our core business.

ActiveMining-PR Staff

Please update us on our shares, Ken. I personally think we should wait for Colored Coin, but an update on plans would be great.

kleeck

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Quote from: keepinithamsta on January 01, 2014, 08:58:28 PM

Quote from: SebastianJu on January 01, 2014, 08:10:13 PM

Quote from: kslaughter on January 01, 2014, 08:00:32 PM

Weekly Update 1/1/14

Happy New Year!

The new year looks bright for Active Mining as we continue to assemble our miners for quick delivery.

Not a lot of changes from last weeks update:

We are also continuing to develop our Intellihash program and with our 2013 sales at $6,311,788.33 we have a very good share of the market.

We have been working 100% on our core business.

ActiveMining-PR Staff

If you really assemble then why no picture of it? I mean its easy as pie to do.

I think Ken is confused. By "we continue to assemble our miners for quick delivery" he means that he's putting power supplies into cases.
There's still no proof that there's even a set 16 chips that have been reflowed onto a board and has produced any hashing power. Just pictures of cases, power supplies, and fans.
I'm just ignoring the fact that we don't have our shares because without working chips, the shares are pointless regardless.

We had an influx of extra coin from BTCGuild on or around Nov 11th, if I recall. This was, more than likely, the result of a prototype mining. So we have some proof of chips. I believe this was when Ken realized the necessity of Intellihash, though. As a result, we are waiting - again. Lets also remember that eASIC is not simply going to fail to deliver chips. The question of, "Is there even a chip?!" ala Labcoin should be long satisfied. eASIC is in charge of the chip development and ActM will have said chips. The question is whether or not ActM will have this technology in time to compete and turn a profit for investors.

Quote from: Mabsark on January 01, 2014, 08:59:01 PM

Quote from: kslaughter on January 01, 2014, 08:00:32 PM

Weekly Update 1/1/14

Happy New Year!

The new year looks bright for Active Mining as we continue to assemble our miners for quick delivery.

Not a lot of changes from last weeks update:

We are also continuing to develop our Intellihash program and with our 2013 sales at $6,311,788.33 we have a very good share of the market.

We have been working 100% on our core business.

ActiveMining-PR Staff

If the whole of that $6,311,788.33 was distributed to the 10 million shares, each share would get $0.63, which at 800 USD/BTC would be 0.00080562 BTC per share.

Right. So given that this amount was raised completely in Q4 then we can multiple it by 4 for an accurate share value for the year: 0.00322248.

P.s. This is not a good way to evaluate share value, but if we're doing it let's complete the method.

Mabsark

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Merit: 1004

Quote from: kslaughter on January 01, 2014, 08:00:32 PM

Weekly Update 1/1/14

Happy New Year!

The new year looks bright for Active Mining as we continue to assemble our miners for quick delivery.

Not a lot of changes from last weeks update:

We are also continuing to develop our Intellihash program and with our 2013 sales at $6,311,788.33 we have a very good share of the market.

We have been working 100% on our core business.

ActiveMining-PR Staff

If the whole of that $6,311,788.33 was distributed to the 10 million shares, each share would get $0.63, which at 800 USD/BTC would be 0.00080562 BTC per share.

keepinithamsta

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Quote from: SebastianJu on January 01, 2014, 08:10:13 PM

Quote from: kslaughter on January 01, 2014, 08:00:32 PM

Weekly Update 1/1/14

Happy New Year!

The new year looks bright for Active Mining as we continue to assemble our miners for quick delivery.

Not a lot of changes from last weeks update:

We are also continuing to develop our Intellihash program and with our 2013 sales at $6,311,788.33 we have a very good share of the market.

We have been working 100% on our core business.

ActiveMining-PR Staff

If you really assemble then why no picture of it? I mean its easy as pie to do.

I think Ken is confused. By "we continue to assemble our miners for quick delivery" he means that he's putting power supplies into cases.
There's still no proof that there's even a set 16 chips that have been reflowed onto a board and has produced any hashing power. Just pictures of cases, power supplies, and fans.
I'm just ignoring the fact that we don't have our shares because without working chips, the shares are pointless regardless.

Ozymandias

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Well, I suppose the waiting game continues for another week Sad

And while 6.3M in sales is good (estimated 10,000btc), how much of that is profit?

knybe

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decentralize EVERYTHING...

Quote from: Ozymandias on January 01, 2014, 08:32:08 PM

Technically true, but I have proof of ownership of significantly more shares than that from the ex-bitfunder tender process

at this point who really knows??!

Ken sure doesn't seem to!

knybe

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decentralize EVERYTHING...

what's more is do you think if Ken where currently mining at any decent hashing relevancy, he wouldn't be chomping at the bit to come in here and brag a little amongst his peers??? f.t.w.

Ozymandias

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Quote from: auto2nr1 on January 01, 2014, 08:28:29 PM

Ken please give us a real update. Let's start with the following.

1. Crypto-Trade.com - Please give us a DATE of when we will start trading.
2. Miners - Please take several detailed PICTURES of the assembled miners.
3. Chips - Please give us a DATE as to when we will receive chips for final assembly.
4. Farm - Please give us a PROJECTION as to how much hashpower we will bring online and a DATE as to when this will happen.

Please give us details and a few paragraphs of ActiveMining's game plan for Q1 2014. Thanks.

+1

Quote from: knybe on January 01, 2014, 08:28:47 PM

You're forgetting one major flaw:

You have no shares to sell.

Technically true, but I have proof of ownership of significantly more shares than that from the ex-bitfunder tender process

knybe

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decentralize EVERYTHING...

Quote from: auto2nr1 on January 01, 2014, 08:28:29 PM

Ken please give us a real update. Let's start with the following.

1. Crypto-Trade.com - Please give us a DATE of when we will start trading.
2. Miners - Please take several detailed PICTURES of the assembled miners.
3. Chips - Please give us a DATE as to when we will receive chips for final assembly.
4. Farm - Please give us a PROJECTION as to how much hashpower we will bring online and a DATE as to when this will happen.

Please give us details and a few paragraphs of ActiveMining's game plan for Q1 2014. Thanks.

All of the above would be very nice but at this point with this gentleman, answers to those questions are a pipe dream…

the FUD is creeping in and what's funny is it doesn't even matter because there's no shares to manipulate!

HAPPY FUCKEN NEW YEAR.

knybe

hero member

Activity: 658

Merit: 500

decentralize EVERYTHING...

You're forgetting one major flaw:

You have no shares to sell.

auto2nr1

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Activity: 350

Merit: 250

Ken please give us a real update. Let's start with the following.

1. Crypto-Trade.com - Please give us a DATE of when we will start trading.
2. Miners - Please take several detailed PICTURES of the assembled miners.
3. Chips - Please give us a DATE as to when we will receive chips for final assembly.
4. Farm - Please give us a PROJECTION as to how much hashpower we will bring online and a DATE as to when this will happen.

Please give us details and a few paragraphs of ActiveMining's game plan for Q1 2014. Thanks.

Ozymandias

sr. member

Activity: 644

Merit: 250

Quote from: Vigil on January 01, 2014, 08:22:35 PM

Quote from: chairforce1 on January 01, 2014, 08:20:40 PM

Quote from: Vigil on January 01, 2014, 08:16:59 PM

Look at the increases and decreases in hashing power. It began with around 9 TH on the 24th and then rose in increments divisible by 24.5 TH. There are no other mining units which would do this. The drops also occurred in multiples of 24.5 TH. Look critically at the charts I posted.

Was it not confirmed by Baragraphics that this is not active mining?

You're right. It isn't ActM. We are doomed! I will buy shares at .0015. Send me a PM.

If that is a serious offer I'd be willing to sell a small amount of shares (~2500) as I could use some pocket money.

Vigil

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Quote from: chairforce1 on January 01, 2014, 08:20:40 PM

Quote from: Vigil on January 01, 2014, 08:16:59 PM

Look at the increases and decreases in hashing power. It began with around 9 TH on the 24th and then rose in increments divisible by 24.5 TH. There are no other mining units which would do this. The drops also occurred in multiples of 24.5 TH. Look critically at the charts I posted.

Was it not confirmed by Baragraphics that this is not active mining?

You're right. It isn't ActM. We are doomed! I will buy shares at .0015. Send me a PM.

chairforce1

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Activity: 316

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Quote from: Vigil on January 01, 2014, 08:16:59 PM

Look at the increases and decreases in hashing power. It began with around 9 TH on the 24th and then rose in increments divisible by 24.5 TH. There are no other mining units which would do this. The drops also occurred in multiples of 24.5 TH. Look critically at the charts I posted.

Was it not confirmed by Baragraphics that this is not active mining?

Topic: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] - page 187. (Read 771520 times)