Topic: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] - page 228. (Read 771288 times)
December 15, 2013, 07:08:11 PM
You just passed up an opportunity to broaden peoples restricted views of this stock to take an immature little swipe at the guy doing all the hardwork. Do you think anything you have done on here over the past 6 months has done your own position any favours? You just seem to make mistake after mistake. Do you ever have down-time where you look at your own actions and question them in anyway?
December 15, 2013, 06:59:57 PM
Then what about with BTC at 15k? And what about 50k?
Look at the bigger picture.
Look at the bigger picture.
Apparently the great leader hates it when Bitcoin goes up. He says its bad for the company.
December 15, 2013, 06:54:34 PM
VE the share value is not really much about speculation and Capital Gain anymore. We are on the verge of deploying on a globally significant scale. It's just a few weeks away and every share is currently worth holding on to for the divs. If you now seem to recognise that ACtM are making genuine progress then you too should be holding for the divs rather than speculating on price rises. The divs will give this company's shares value, long-term value. ACtM could still be significant players in the global hash network in 5 years from now which is something a lot of short-sighted investors seem to forget. Care to work out the total divs per share from 5 years of ACtM holding 5-10% of Global hash with BTC at 1k. Then what about with BTC at 15k? And what about 50k?
Look at the bigger picture.
Look at the bigger picture.
December 15, 2013, 06:41:14 PM
just the act of finding an exchange and proving that our shares survived and making them tradable again will be enough to boost the price above .001
if the shares can survive 2 exchange shut downs then it will no longer be a concern.. and then the valuation will be on profit speculation ONLY, as it should.
but then that of course means Ken would have to actually verify our shares, which was supposed to be done by now
if the shares can survive 2 exchange shut downs then it will no longer be a concern.. and then the valuation will be on profit speculation ONLY, as it should.
but then that of course means Ken would have to actually verify our shares, which was supposed to be done by now
December 15, 2013, 06:39:52 PM
Mabsark I don't buy that atall.
If you are not buying shares in ACtM then why on Earth are you on here then?
You don't need to post on here everyday to hold your Bitcoin. I would love to know how much you have now, you took a big hit on Labcoin? Why risk what little you have left on ACtM why don't you just keep what you have. What if ACtM is Labcoin 2?
If you are not buying shares in ACtM then why on Earth are you on here then?
You don't need to post on here everyday to hold your Bitcoin. I would love to know how much you have now, you took a big hit on Labcoin? Why risk what little you have left on ACtM why don't you just keep what you have. What if ACtM is Labcoin 2?
December 15, 2013, 06:35:41 PM
The chips are already a month behind schedule and the reason given was basically equivalent to DownloadMoreRAM. And someone is asking for 0.006 per share! 
0.00006 more like! 
0.00006 more like! Mabsark, you were asked a few days ago how many ACtM shares you were still holding after you made a hasty exit 2 or so months ago to get into Labcoin. It looks like you sold them all then?
You clearly want to buy back into ACtM at the lowest price possible and this blatant FUDing just tells me that you actually value ACtM highly - otherwise why would you want to buy back in?
So yes, thanks for confirming through your FUD attempt that ACtM is indeed an excellent proposition - but really, we knew already.
I haven't got any shares in anything at the moment and believe it will be more profitable to just hold my BTC for a couple more months. And yes, at 0.00006 BTC per share, I probably do value ActM shares too high.
Also, I see you can't answer my questions and try to ignore the issues by claiming I'm just spreading FUD. Will it take another 9 weeks for eASIC to implement the "IntelliHash" changes? If so, will new samples only arrive in February with full production not ready till May?
These are real issues which Ken needs to address as it's looking like ActM are going to be months behind schedule.
December 15, 2013, 06:07:36 PM
The chips are already a month behind schedule and the reason given was basically equivalent to DownloadMoreRAM. And someone is asking for 0.006 per share! 0.00006 more like!
0.00006 more like! Mabsark, you were asked a few days ago how many ACtM shares you were still holding after you made a hasty exit 2 or so months ago to get into Labcoin. It looks like you sold them all then?
You clearly want to buy back into ACtM at the lowest price possible and this blatant FUDing just tells me that you actually value ACtM highly - otherwise why would you want to buy back in?
So yes, thanks for confirming through your FUD attempt that ACtM is indeed an excellent proposition - but really, we knew already.
December 15, 2013, 05:50:26 PM
http://www.businessinsider.com/knc-sells-nearly-28-million-neptunes-2013-12
KNC has already sold the equivalent of Active Mining promised payback.
It may seem like bad news and could be, but it also shows how big the market is for a successful product.
Maybe it's not so unrealistic that Active Mining can pay back 0025
KNC has already sold the equivalent of Active Mining promised payback.
It may seem like bad news and could be, but it also shows how big the market is for a successful product.
Maybe it's not so unrealistic that Active Mining can pay back 0025
To be precise:
KnC Neptunes: 3'000GH/s @ $12k = $4 per GH/s
Kenneth:
256GH/s @ $3599.40 = $14.06 per GH/s, or x3.5 times more expensive
And this is a prepaid order from Ken's Underground Fortress, with no shipping date
The closest thing to a shipping date on that site is this jewel:
Fast-Hash One Silver Edition Bitcoin Mining Machine
64 GH/s Expands to 6.144 TH/s <
Upgradeable To Next Generation
Hashing Cards
AVAILABLE FOR PREPAID PRE-ORDER ONLY
Limited Availability on these units (Shipping Starts November 2013)
ESTIMATED DELIVERY DATE WILL BE DISPLAYED UPON CHECKOUT <
So yeah, comparing the virtual identity known as Active Mining to real companies could be pretty depressing.
It's amazing how easily are people fooled with pretty words!
December 15, 2013, 05:31:55 PM
Which Great Leader do you mean? Ken or Kleeck?
So it's the end of the week now.. and our great leader hasn't been online for 2 days.
If he's late with his promise, he could at least acknowledge that, instead of just hiding
If he's late with his promise, he could at least acknowledge that, instead of just hiding
who's kleeck?
December 15, 2013, 05:05:45 PM
A 24 Th/s system would require about 1500 chips. I wonder how many sample chips Ken was supposed to be getting?
The sample batch was supposed to be received in November, with low volume production in December and full production in around February. That's according to the time frame posted by Ken in the 2nd post in this thread and according to when he said he'd paid the NRE costs.
So, where are the chips? Pictures? Proof of mining?
Didn't Ken say he had to redesign the chips to work with Intellihash? How long is that going to take eASIC to implement? Another 9 weeks? Will Ken get new sample chips? If so when? If not and he moves straight to low volume production, what if the chips don't work properly?
The chips are already a month behind schedule and the reason given was basically equivalent to DownloadMoreRAM. And someone is asking for 0.006 per share! 0.00006 more like!
The sample batch was supposed to be received in November, with low volume production in December and full production in around February. That's according to the time frame posted by Ken in the 2nd post in this thread and according to when he said he'd paid the NRE costs.
So, where are the chips? Pictures? Proof of mining?
Didn't Ken say he had to redesign the chips to work with Intellihash? How long is that going to take eASIC to implement? Another 9 weeks? Will Ken get new sample chips? If so when? If not and he moves straight to low volume production, what if the chips don't work properly?
The chips are already a month behind schedule and the reason given was basically equivalent to DownloadMoreRAM. And someone is asking for 0.006 per share!
0.00006 more like! December 15, 2013, 04:28:24 PM
So it's the end of the week now.. and our great leader hasn't been online for 2 days.
If he's late with his promise, he could at least acknowledge that, instead of just hiding
If he's late with his promise, he could at least acknowledge that, instead of just hiding
December 15, 2013, 03:15:25 PM
Nice video, Alex and the KnC team are good guys. About to jump on a plane back home from the Vegas bitcoin convention. A lot of missed opportunities for ActM. Par for the course I suppose.
December 15, 2013, 03:01:39 PM
December 15, 2013, 01:36:41 PM
By the way I think actm share price will hit 0.01 within a week of us going live. And it will climb steadily until March where it will level off around 0.04
I think you are dreaming. The share price will likely stay below .0025 until we have some proof of miners shipping, or an announcement that we're adding 24.576TH/s of hash power with BTCGuild showing as much. Even then I think we will only get to about .005 and maybe .01 by March. Catch me up, please. How many millions of shares are the dividends divided over now?
How many satoshis a week would each share get with 24 Th/s of mining capacity?
This is all easily obtained publicly available information.
Since it's so easy, why don't you go ahead and answer the questions?
Since nobody bothered to answer I will.
If the network hash rate was at a constant 10 Ph/s and ActM had a constant 24 Th/s, it would have 0.24% of the network hash rate, mining 120.96 BTC per round. The round would last 14 days, since the hash rates were constant, giving 8.64 BTC per day. This would be distributed to 10 million shares until 0.0025 BTC per share had been paid, after which the number of shares would increase to 25 million.
According to the genesis block, the network hash rate is increasing by about 78% every 30 days, which is an increase of about 2.5% each day.
So, if the network hash rate was at 10 Ph/s and ActM brought 24 Th/s online, 8.64 BTC / 10 million shares gives 86 Satoshis per share per day, which would fall by 2.5% each day!
Thank you.
Math is a bitch sometimes.
ACTM will only have 24 Th/s? With atleast half of the manufacturing capability going towards the mining facility, that assumption means that the company will only produce 48Th/s or less. If you believe that, then you shouldn't have invested.
December 15, 2013, 01:02:59 PM
ACTM will only have 24 Th/s? With atleast half of the manufacturing capability going towards the mining facility, that assumption means that the company will only produce 48Th/s or less. If you believe that, then you shouldn't have invested.
Yes, mining is an area with diminishing returns. Is that what you're trying to say? Or are you just trying to scare people with this obvious reality that hopefully investors are already aware of? Being a manufacturer of rigs, we have a HUGE advantage over non-manufacturing miners. Not only that though, even when mining becomes less profitable, we will receive income from software and hardware sales. Ken is smart and he is creating more consistent revenue streams in addition to the focus on mining. It's easy to forget when you're a part of the hype, but as they say, the people who sold shovels were the most profitable in the gold rush. We're a part of both sides of the gold rush. Ken has a lot to gain from this company being successful, and he has the most to lose from it not being successful. He's going to give everything to make this work. I believe he will.
That being said, if you want to get rid of your shares when we start trading, I'm sure you're not the only one. Bitcoin has gone up more than 1000% since a lot of us started investing in AMC. Investing is about making a profit, if you've made a profit in your eyes then by all means, do what you want. You can't lose money taking a profit.
Disclaimer: I don't really care where the share price ends up when trading starts. I think the dividends have the potential to be excellent.
I'm not sure what the deal is with the people in this thread. Psychologists could probably learn a lot from it. We've got a little bit of everything here. In the end, it doesn't really matter what any of the posters in this thread think. Things will happen how they happen. Fighting the stupid comments in this thread is impossible. Peace.
Half of nothing is nothing. And if something ever appears you're going to be facing a 100 Ph/s network. There are practical limits to scaling, as ASICMINER's spectacular fall clearly demonstrates.
I'd advise examining your own psychology. Buyers remorse has moved to cognitive dissonance which has developed into outright delusional behavior.
December 15, 2013, 12:56:22 PM
Sorry if this has been covered (this is a very big thread). I have tried to search but did not find a straight answer on this:
If I didn't transfer my shares on BitFunder to ACM-TENDER, what has happened to them, and can I regain control of them? If so, how?
If I didn't transfer my shares on BitFunder to ACM-TENDER, what has happened to them, and can I regain control of them? If so, how?
If you know your public Bitfunder address and you can sign with it you should be fine. You can find the very last Google's cache of Bitfunder assets list (1 Dec 2013, 18:13:31 GMT) here: https://www.dropbox.com/s/vbxit8c0mde7fs6/The-Very-Last-Google%27s-cache-of-Bitfunder-assets-list-1-Dec-2013-18-13-31-GMT.rar. If you didn't transferred your shares before those were automatically transferred your address should be one of the addresses listed.
Thanks very much for your help. My address is in there. Since I didn't transfer in the tender, Ken won't automatically set me up on the new exchange, is that right? Does anyone know the process for those in my situation? I assume I will have to send someone a signed message, but who do i send it to and when?
The process (signing, etc) will be announced here: https://bitcointalksearch.org/user/activemining-pr-142728
December 15, 2013, 12:33:59 PM
Sorry if this has been covered (this is a very big thread). I have tried to search but did not find a straight answer on this:
If I didn't transfer my shares on BitFunder to ACM-TENDER, what has happened to them, and can I regain control of them? If so, how?
If I didn't transfer my shares on BitFunder to ACM-TENDER, what has happened to them, and can I regain control of them? If so, how?
If you know your public Bitfunder address and you can sign with it you should be fine. You can find the very last Google's cache of Bitfunder assets list (1 Dec 2013, 18:13:31 GMT) here: https://www.dropbox.com/s/vbxit8c0mde7fs6/The-Very-Last-Google%27s-cache-of-Bitfunder-assets-list-1-Dec-2013-18-13-31-GMT.rar. If you didn't transferred your shares before those were automatically transferred your address should be one of the addresses listed.
Thanks very much for your help. My address is in there. Since I didn't transfer in the tender, Ken won't automatically set me up on the new exchange, is that right? Does anyone know the process for those in my situation? I assume I will have to send someone a signed message, but who do i send it to and when?
December 15, 2013, 10:49:47 AM
ActM has individual units creating 24TH
the outfit itself will add many many PH to the network
the outfit itself will add many many PH to the network
December 15, 2013, 10:42:03 AM
By the way I think actm share price will hit 0.01 within a week of us going live. And it will climb steadily until March where it will level off around 0.04
I think you are dreaming. The share price will likely stay below .0025 until we have some proof of miners shipping, or an announcement that we're adding 24.576TH/s of hash power with BTCGuild showing as much. Even then I think we will only get to about .005 and maybe .01 by March. Catch me up, please. How many millions of shares are the dividends divided over now?
How many satoshis a week would each share get with 24 Th/s of mining capacity?
This is all easily obtained publicly available information.
Since it's so easy, why don't you go ahead and answer the questions?
Since nobody bothered to answer I will.
If the network hash rate was at a constant 10 Ph/s and ActM had a constant 24 Th/s, it would have 0.24% of the network hash rate, mining 120.96 BTC per round. The round would last 14 days, since the hash rates were constant, giving 8.64 BTC per day. This would be distributed to 10 million shares until 0.0025 BTC per share had been paid, after which the number of shares would increase to 25 million.
According to the genesis block, the network hash rate is increasing by about 78% every 30 days, which is an increase of about 2.5% each day.
So, if the network hash rate was at 10 Ph/s and ActM brought 24 Th/s online, 8.64 BTC / 10 million shares gives 86 Satoshis per share per day, which would fall by 2.5% each day!
Thank you.
Math is a bitch sometimes.
ACTM will only have 24 Th/s? With atleast half of the manufacturing capability going towards the mining facility, that assumption means that the company will only produce 48Th/s or less. If you believe that, then you shouldn't have invested.
Yes, mining is an area with diminishing returns. Is that what you're trying to say? Or are you just trying to scare people with this obvious reality that hopefully investors are already aware of? Being a manufacturer of rigs, we have a HUGE advantage over non-manufacturing miners. Not only that though, even when mining becomes less profitable, we will receive income from software and hardware sales. Ken is smart and he is creating more consistent revenue streams in addition to the focus on mining. It's easy to forget when you're a part of the hype, but as they say, the people who sold shovels were the most profitable in the gold rush. We're a part of both sides of the gold rush. Ken has a lot to gain from this company being successful, and he has the most to lose from it not being successful. He's going to give everything to make this work. I believe he will.
That being said, if you want to get rid of your shares when we start trading, I'm sure you're not the only one. Bitcoin has gone up more than 1000% since a lot of us started investing in AMC. Investing is about making a profit, if you've made a profit in your eyes then by all means, do what you want. You can't lose money taking a profit.
Disclaimer: I don't really care where the share price ends up when trading starts. I think the dividends have the potential to be excellent.
I'm not sure what the deal is with the people in this thread. Psychologists could probably learn a lot from it. We've got a little bit of everything here. In the end, it doesn't really matter what any of the posters in this thread think. Things will happen how they happen. Fighting the stupid comments in this thread is impossible. Peace.
December 15, 2013, 10:09:53 AM
Sorry if this has been covered (this is a very big thread). I have tried to search but did not find a straight answer on this:
If I didn't transfer my shares on BitFunder to ACM-TENDER, what has happened to them, and can I regain control of them? If so, how?
If I didn't transfer my shares on BitFunder to ACM-TENDER, what has happened to them, and can I regain control of them? If so, how?
If you know your public Bitfunder address and you can sign with it you should be fine. You can find the very last Google's cache of Bitfunder assets list (1 Dec 2013, 18:13:31 GMT) here: https://www.dropbox.com/s/vbxit8c0mde7fs6/The-Very-Last-Google%27s-cache-of-Bitfunder-assets-list-1-Dec-2013-18-13-31-GMT.rar. If you didn't transferred your shares before those were automatically transferred your address should be one of the addresses listed.
Jump to: