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Topic: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] - page 197. (Read 771523 times)

sr. member
Activity: 316
Merit: 250
A lot of dead horses being beat in this thread lately.
hero member
Activity: 756
Merit: 501
Wow this thread is crazy.  So many people with different views and not knowing who to trust makes head spin!  So if understand right there many trolls and some even on ActM side.  How come.  So much attention for this company means theres something to watch yeah.  My ears pricked up at hardware can be built for mining farm very cheap and reinvest profits back in.  Cant really trust anyone here sorry so not much use asking questions but have many.  Will read up more have looked at Cryptotrade which looks really cool but very quiet only alt cryptos being traded.  Will read Wednesday updates to learn more thanks.  Had friendly message from Duffer1 advising be very careful he lost fortune on Labcoin who scammed people bad.  Duffer1 says BTC price rise puts proprotional downward pressure on securities which explains Asic Miner (AM) value much much lower than before.  If ActM once reached 0.006 from 0.0025 without even having started business it can go much higher when does even if BTC price rise has affect on all securities AM is still 6 x original.  How high is hard guess.  Wont buy above 0.001 for bargain but someone posted 0.00001 is too high so clever enough to see troll there I hope.

No troll at all.  I said .000001 would be a decent risk if you like gambling.

If you aren't going to lose everything you had better learn how to value things.  Start with a simple proposition.  How much is this company worth?  Divide that by 25 million for the number of shares.  Then you can decide whether to buy, hold or sell.  If you do the work, you'll probably think my number is pessimistic, but you'll also see that .001 is laughable to the point of insanity.

Simple analysis like that made me a ton of BTC last year.  This year won't be quite as easy.

Every wonder why there aren't hundreds of BTC millionaires on this site?  Most of the early adopters were ripped off in forums like this and have little to no bitcoin to show for all their efforts.
legendary
Activity: 2674
Merit: 1083
Legendary Escrow Service - Tip Jar in Profile
If there really a first batch would have shipped then we would get a good bunch of divs when the shares are on the exchange again. But we only now got images from workbenches. These workbenches had to exist longer to a whole batch being created and shipped. So i dont think a batch was sent already.
Its a pain that we dont get any infos. I believe in the future i will not invest in securities anymore when the issuer isnt communicating correctly. And i know nothing about when the miners will be ready.
sr. member
Activity: 245
Merit: 250
Nah we don't have the batcave at SU anymore.
sr. member
Activity: 280
Merit: 250
IIIIII====II====IIIIII
Who says we don't have the Bat Cave?

Do you really think the only premises ACtM has is this unit? What you see in the pic is a VMC production line. It could be the whole picture but considering how secretive Ken is I would suggest it's a bit of a red herring. Only my opinion of course.
hero member
Activity: 518
Merit: 500
Hodl!
Well, more importantly,  I'm mostly bummed that we apparently don't have the batcave any more Sad

legendary
Activity: 910
Merit: 1000
Quality Printing Services by Federal Reserve Bank
Lets recap after 314+ pages that consist mostly of whining, screaming, joyful praise, thread-crapping, trolling, circle jerking, topped of by load of bull shit fiction by raving apologist (with telepathic connection to Ken), cheerleaders and just confused noobs, who signed up in few last weeks.

So, as of today, 29.12.2013:

1) mining with hardware VMC bought (no idea at what hash rate at the moment)
2) No promised chip/rigs in sight
3) no road plan for the next 3 months
4) no road plan for next month or even for a week
5) no acceptable financial statements (sorry, but this stuff for September? was a farce. Unacceptable)
6) Ken still can not communicate (see 3 and 4)
7) Money spent on few workstations and set up in Kens garage
8) no idea, who will be working there -
(from: https://bitcointalksearch.org/topic/m.4150821)
 - 8.1) How much did we pay for the tables?
 - 8.2) What kind of training or previous experience workers have
 - 8.3) How much are they paid (monthly, weekly) and have they signed the contacts (are hired)
9) How many rigs must be built as of today (total paid orders) and what is the estimated date and work hours for completing those rigs.
10) forum admins have banned few trolls - thank you.
11) Actm is still not listed on any exchange
newbie
Activity: 39
Merit: 0
People , if you want to speculate about eligius miners, this one is more interesting: http://eligius.st/~wizkid057/newstats/userstats.php/159FeYxUKekbvmBu2CyWTKAH3yHhyP3qQj

Started mining about 5 Dec. aprox, at about 20THs, and have been steadily increasing. The interesting thing is it has quite frequent periods of not hashing, like if stoping for adjustments/tests.

Of course, this is all wishful thinking and you should take it with a grain of salt.
sr. member
Activity: 278
Merit: 250
#hardworkpaysoff
Real advice for ACTM noobs:

There are a lot of trolls/psy-ops attempting to tear this thread apart from both sides.  There really is nothing to believe except for facts from Ken and verified email correspondence from VMC.  Contrary to popular belief, new info WILL NOT come out on the daily.  Lord Fontleroys live in micro-time, digging deep useless mazes.  I'm not going to give my strategy away but the basically .0001-.001 is not gonna happen with sells on the average and anyone who says that is just waiting to snatch up "dumb money" or small amounts when the markets first open and some "investors" (inevitably) panic sell...especially due to threads like this.  It most definitely wouldn't drop anywhere near .0001 IMO and most likely will average at .005, settling above .01.

Listen to Ken's radio interview (https://mega.co.nz/#!WwRUjA5J!ElhGRyQ0LUUmZeEq5nZS1FVm20Q34ro7WCLNn8Z44hU), read his updates, look at the past chart data from bitfunder.  Make your own decisions, but look at the facts and not at public opinion unless as study material.
sr. member
Activity: 644
Merit: 250
Wow this thread is crazy.  So many people with different views and not knowing who to trust makes head spin!  So if understand right there many trolls and some even on ActM side.  How come.  So much attention for this company means theres something to watch yeah.  My ears pricked up at hardware can be built for mining farm very cheap and reinvest profits back in.  Cant really trust anyone here sorry so not much use asking questions but have many.  Will read up more have looked at Cryptotrade which looks really cool but very quiet only alt cryptos being traded.  Will read Wednesday updates to learn more thanks.  Had friendly message from Duffer1 advising be very careful he lost fortune on Labcoin who scammed people bad.  Duffer1 says BTC price rise puts proprotional downward pressure on securities which explains Asic Miner (AM) value much much lower than before.  If ActM once reached 0.006 from 0.0025 without even having started business it can go much higher when does even if BTC price rise has affect on all securities AM is still 6 x original.  How high is hard guess.  Wont buy above 0.001 for bargain but someone posted 0.00001 is too high so clever enough to see troll there I hope.

Yeah, there's certainly many a battle being waged on the pro and anti side (with both sides having precious little evidence). Best advice that can be given is to do your due diligence and not to go ball's deep into a risky investment (both shares-wise and miners-wise).
newbie
Activity: 14
Merit: 0
Wow this thread is crazy.  So many people with different views and not knowing who to trust makes head spin!  So if understand right there many trolls and some even on ActM side.  How come.  So much attention for this company means theres something to watch yeah.  My ears pricked up at hardware can be built for mining farm very cheap and reinvest profits back in.  Cant really trust anyone here sorry so not much use asking questions but have many.  Will read up more have looked at Cryptotrade which looks really cool but very quiet only alt cryptos being traded.  Will read Wednesday updates to learn more thanks.  Had friendly message from Duffer1 advising be very careful he lost fortune on Labcoin who scammed people bad.  Duffer1 says BTC price rise puts proprotional downward pressure on securities which explains Asic Miner (AM) value much much lower than before.  If ActM once reached 0.006 from 0.0025 without even having started business it can go much higher when does even if BTC price rise has affect on all securities AM is still 6 x original.  How high is hard guess.  Wont buy above 0.001 for bargain but someone posted 0.00001 is too high so clever enough to see troll there I hope.
sr. member
Activity: 378
Merit: 250
People are hilarious. I love the positive reaction to a few harbor freight work benches with some empty computer cases around in a garage. I should stage some pics of my warehouse to look like I'm making bitcoin mining machines and get all the preorders as well.

Silly.
sr. member
Activity: 316
Merit: 250
u develop a thick skin in this investing environment, im skeptical of everything
sr. member
Activity: 644
Merit: 250
So if I'm understanding correctly, we just got additional [hearsay] confirmation that VMC has in fact shipped product. That seems like a good thing, no?

EDIT: reading the two other posts of his, that above post may have been sarcastic (especially with the reference to believable updates). Oh well, I suppose time will tell.
sr. member
Activity: 378
Merit: 250
I was told by a friend that he had gone to Virtual mining corp office
and talked with employees that are brother sisters ect from kens family!
He said he asked to buy a miner and was told that VMC can not sale to people in MO.
He said that he looked around and didn't see a whole lot going on. So when the lady at the desk
told him that they are waiting for there second batch of product to come in
because the first batch had been shipped out!

Note: COINTERRA GIVES UPDATES THAT ARE BELIVABLE!
http://cointerra.com/engineering-update-goldstrike-fabout-bumpout-completed-sorting-packaging-underway/


Yes Cointerra's update is far more believable than yours. Thank you for coming in here for storytime about your friend and leaving with a note about cointerra. It has been truly helpful to us.
sr. member
Activity: 280
Merit: 250
IIIIII====II====IIIIII
OK, good, thanks for the info.

btw It's not such an unusual thing to employ family in a new business. It's very common  - you can trust family and they are usually happy to work long hours for not much pay.
newbie
Activity: 11
Merit: 0
I was told by a friend that he had gone to Virtual mining corp office
and talked with employees that are brother sisters ect from kens family!
He said he asked to buy a miner and was told that VMC can not sale to people in MO.
He said that he looked around and didn't see a whole lot going on. So when the lady at the desk
told him that they are waiting for there second batch of product to come in
because the first batch had been shipped out!

Note: COINTERRA GIVES UPDATES THAT ARE BELIVABLE!
http://cointerra.com/engineering-update-goldstrike-fabout-bumpout-completed-sorting-packaging-underway/
legendary
Activity: 1212
Merit: 1037
I posted this the other day, however with all the white noise on here it glossed over.

Does anyone have any comments or opinions on this?
The dates seem to fit quite nicely with our speculated timeline.

It's shot up from ~9Th/s on the 24Dec13 to ~162 Th/s as of today.


Sorry for going out on a limb here and probably being over-optimistic but....

Is there anyway that this could be ActiveMining testing equipment?
http://eligius.st/~wizkid057/newstats/userstats.php/1Nbq2XZaRsKknf5fcT2wTXvBS31PaUWSeX

Or on the flip side

Is there any definitive proof that it is impossible for this to be an ActM farm?
(And no, I don't want to hear that it can't be ActM because it's a scam etc...)

On this thread https://bitcointalksearch.org/topic/hashfast-mining-without-shipping-customer-gear-386532 people were speculating it could belong to HashFast... who knows?
hero member
Activity: 532
Merit: 500
https://karatcoin.co
http://cointext.com/fincen-issues-bitcoin-friendly-ruling-for-miners/

People who actively seek regulation in bitcoin world get on my tits.

"This is the case whether the user mining and using the Bitcoin is an individual or a corporation, and whether the user is purchasing goods or services for the user’s own use, paying debts previously incurred in the ordinary course of business, or (in the case of a corporate user) making distributions to shareholders."

Excellent.
sr. member
Activity: 330
Merit: 250
I posted this the other day, however with all the white noise on here it glossed over.

Does anyone have any comments or opinions on this?
The dates seem to fit quite nicely with our speculated timeline.

It's shot up from ~9Th/s on the 24Dec13 to ~162 Th/s as of today.


Sorry for going out on a limb here and probably being over-optimistic but....

Is there anyway that this could be ActiveMining testing equipment?
http://eligius.st/~wizkid057/newstats/userstats.php/1Nbq2XZaRsKknf5fcT2wTXvBS31PaUWSeX

Or on the flip side

Is there any definitive proof that it is impossible for this to be an ActM farm?
(And no, I don't want to hear that it can't be ActM because it's a scam etc...)

Since ActM have not recieved the chips yet I find it very unlikely.
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