Topic: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] - page 196. (Read 771523 times)

And the rest of the peeps on this crazy thread!

+1

I would prefer a solid gold toilet seat to my ceramic one. Preferences unfortunately mean nothing right now (as much as I wish they did). As for getting burned investing in ActM, good news! Our shares aren't tradeable so the only one's getting 'burned' in this particular instance at this particular moment are us.

Any endorsements I make at this point are more tongue in cheek than serious. I don't know about you but dark humor helps me cope with helplessness (if I recall, bipolar swinging between manic optimism and suicidal pessimism is your way of coping). Remember, I don't have that many fewer shares than you so dropping top X shareholder numbers means nothing to me.

I may sound like a dick right now, but I really don't have anything against you. May we both beat the odds and prosper 

To be honest, I would prefer newbies to only get interested once the company proves itself and I say that as a top 20 shareholder.

The last thing we need is another round of inexperienced investors/buyers getting involved in ActM and being burnt.

The reason?

Because they will kick and shout loudly once another delay happens, causing more damage to our reputation.

I would prefer interest only to pick up after Ken ships eASIC miners and gets our mining farm well north of 100TH/s.

I would prefer the discussion and speculation to remain grounded in reality.

I'm glad to see newbies expressing interest in ActM and VMC!

First, the orders made now are not shipping for over three months.
Second, the [nonexistent] 24TH machine is a single machine in name only.  It's racks stuffed with cases stuffed with what, thus far, is badly photoshopped graphics cards.  Making that much gear with three Harbor Freight workbenches, a Leatherman and a couple of Slaughters is kinda tough.

Third, math is math, and a 4 month delay translates to more than 700% difficulty increase.  Cutting the company worth seven-fold.  That's either a lot or a little, you decide.

The orders made now are shipping in a few months. That doesn't mean shipping will not start for three months it means there is a backlog of orders built up. It means our sales have outstripped our production capacity (for retail machines) which equates to a great sales success.

Also we only needed one or two machines to take 1% of hash three months ago so the subsequent difficulty increase is not as big a deal as you make out.

Ignore ignore ignore, dead horse beaten, ignore new VE, ignore ignore ignore.

No share news.

No shipping news.

No mining news.

Business as usual.

I have made no comparisons, that's probably why you are confused. You might consider studying math, the basics of mining, or both.
The past rate of difficulty increase is factual.  The future rate is an educated guess, you are correct, and in that sense a hypothetical.  I have allowed for slowing rate of increase; in other words, fudged things in favor of Active Mining.  If you know a way of predicting mining income without guessing the future network speed, i'm all ears.
If you do not understand why more chips are needed to mine the same number of coins as network speed grows, you may not be ready to participate in this thread.

And they don't have any chips now. What was your point?

ActM didn't have chips three months ago.  So comparison makes no sense to me as you are talking hypothetically with ifs and buts.  Why focus on something which is common to all as a bad thing only for ActM.  If ActM need x more power to maintain y of network same can be said for all miners.  I will back off now as I can see where this is going and it's no benefit to me to get drawn in thanks.

No need to correct me.  I specified 700% network speed growth over the last three months, and projected that network speed will continue to grow, albeit at a slightly lower rate.
Are you an alt of a user going by Jasun?

*To make this more digestible:  Active Mining now needs x7 more chips to control the same 1% of the network as it would have needed just three months ago.

NickDanger I must correct you because your statement regarding profit and difficulty being directly proportional is incorrect as this assumes a constant hash rate.  In fact profit is directly proportional to miner sales and hash rate (relating to difficulty) which is planned to grow with such a large portion of profit being reinvested and hardware bought at cost price.  What we can say about the difficulty factor is that it has the same effect on all miners from those using AM USB miners on their laptops to large industrial mining farms and not only ActM as your posts seems to suggest.

Sorry Jo if you were offend by my writing style.  I was often corrected when I was learning English for my 'lazy' style.  It's hard for me because I have to write quickly or I forget my point as I am translating to English and not thinking in it.  I hope this post is better.

Sure.  But the darn things don't know it yet.
Ken still posts ocasionally, and that kind o' thing just ain't natural.

J'suis l' Grand Zombie
My yellow belt of choison
Ain't afraid of no tom cat
Fill my brains with poison

More dead horses being beat into the ground.

For those claiming Ken has not missed any deadlines, a friendly reminder found in a post by Streets 2.0, AKA ActiveveMining_PR, an avid fan at the time this was posted:


*According to the newly updated website, there's another 3 month to go 'til shiping begins, so minimum of 4 months delay.
The expected return from this company is directly proportional to network difficulty, which has grown 700% in the last three months, forget 4.
While the difficulty grew 700% in the past three months, Active Mining chips have not improved at a similar rate.  Neither did Active Mining production capacity, other than a possible addition of two Harbor Freight workbenches.
This would suggest that the company's worth has depreciated by ~7fold, assuming that future network difficulty increase will be ~3/4 as fast as it has been in the past three months (a very optimistic assumption).

Everyone's best interest IS my best interest - I'm a shareholder.

If you think everyone who promotes the true potential of this company is just out for themselves and are going to dump stock at a high price you are wrong. I am holding 80% of my shares for long-term divs. Share price is a side issue for me but having long-term investors scared into selling and loosing a lot of money is not something you want to sit by and idly watch. We are all in this together. Or are we?

Everyone who is against the company is not a troll and everyone who is with the company is not a cheerleader.

Entropy is not a troll, he just has very underhanded reasons for making people hate the company. Everyone here is acting like they have shareholder's best interest. That is definitely not how people operate. Everyone here has their best interest. Please take everyone's statements with a grain of salt. Also

@TheBishop, please try to write in a clear concise way if you don't want people to think you are a child. I don't think you have posted one complete, non run-on sentence yet.

@Ken, Please have an update about our shares in the next (and every following) Wednesday Update until we have our shares.

Hey new guy, Entropy wasn't interested in this company a few weeks ago as you will see if you check his history of posts. So you should ask why he and other new Trolls have suddenly started smashing their negative talk all over the thread. Why are they here basically.

The answer is either they are so nice that they want to warn people away from this company or they want to buy cheap shares and are trying to scare people into selling cheap when the exchange opens.

It's a simple question with only one possible answer.

If you want to buy in do so. The price you can buy in at will be dictated by the market. As you have discovered the company only needs a few percent of global hash to pay back the IPO of 0.0025 within 3 to 4 months. And that would only need a small room of their 24 TH/s machines. The company get these machines at cost price. The percentage of global hash they can take is the key question. My estimate is 5-7% in Feb rising to 10% by year end.

Go figure.

Okay will play along for fun and feedback purely speculative but exercise can help decide best policy.  Here are annual figures based on mining farm and selling miners each making identical return and 50% removed for reinvestment to calculate annual dividend payments.  Am only interested in calculating 10 million and not 25 million shares as looking beyond payback of initial investment too far into future with too many unknowns and will probably complete investment by then.  Some dividends have been paid but insignificant so will assume none paid so far to keep figures easier. 
25 BTC every 10 mins gives 1,281,600 mined globally each year.
1% to ActM for mining and same figure earned from selling with 50% total reinvest gives 12,816 BTC pa.
2% gives 25,632 BTC with annual dividend of 0.0025632 BTC per share.
After this point figures become diluted with introduction of additional 15,000,000 shares but this assumes it takes entire year to earn original investment from dividends.
To have 0.0025 repaid in six months assuming same profit from selling and mining 50% reinvested would take 4% global hashing required be sustained for those six months. If selling miners as profitable as KNC with $28,000,000 sales spread over duration repayment of initial investment with exchange rate $750 per BTC and with 4% global hash rate sustained over same period and 50% reinvest would take 88 days to recoup 0.0025 BTC per share.  If ActM took $2,000,000 sales in one month with little info available much higher figure attainable with evidence shipped products so figures above possibly not too far crazy?  Or scam then no money for anyone but easic real company yeah?