Topic: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] - page 229. (Read 771288 times)

You picked the most expensive configuration, you sad lonely little man....
the platinum version is competitive with cointerra for cost.  And somewhere wayyyy down on the bottom of the threat list we see Hashfast, which was supposed to ship in in september.  
You lose.

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

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?

Fair enough.  The one thing that is static is maintaining a percentage of the network nets you the same amount of BTC per week if your pool's luck stays relatively steady.  But you're absolutely right that speculation is basically useless when it comes to ACTM because we still don't and probably will never know anything.

The time it takes to turn mined bitcoin into eASIC chips is very important here, but we have no idea about this one so nothing can be determined. The next important variable is the Bitcoin price. If the price keeps increasing it might be easier for Ken to order more chips, increase the amount of employee's building those chips etc...

But again those two most important variables are unknown to us and Ken only knows one of them, so the math really becomes a bitch fest because nothing solid can be determined. That is why I made my thread, it's small and light because we do not have much to go on, and this thread is constant rubbish.

All the math is shit too because everyone here is making so many fracking assumptions and everyone comes up with a share prices of either 0.000001 or 0.1 bitcoin/amc. This place is tiring because all of you simply argue back and forth with the same little information and giant bunch of wild assumptions.

I feel stupid reading this thread.

You've already said this before, and it was successfully argued against
And we refuse to repeat ourselves to you 

Math time?!

I figure after the 15m shares are activated, we're going to need a minimum of 0.8% of the network, or currently about 73.6Th/s to justify even the 0.0025 share price again. 

A complete platinum with 6 expansion units would net 24.576Ths.  Naturally 10 of these would net 245.67Th/s.  That would currently be about 2.67% of the network.  We could see slightly higher than 0.008 share price if ACTM manages that.

The insane 10% that Ken mentioned at one point would require 920Th/s if he started today.  That would require 225 expansion units or about 38 platinum rigs with 6 expansion units each.  That would net about 0.028BTC share price.

My figures are based on the 25-30% APY that bitcoin securities tend to follow in relation to dividends.

The real kicker?  If Ken wants to maintain a certain percentage, he's going to literally need to double ACTM's hash rate every month at the current increase rate.

Why is the network increasing at 78% and we are stuck at 24TH?

If we get to 24TH doesn't that mean we are able to continue to scale?

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! 

I feel like I'm just starting to repeat myself.  But without any sort of hard timeline or positive confirmation that the units or chips are even working, we shouldn't be counting on either sales or mining bringing us dividends because we're getting exactly 0.00000000 BTC from Active Mining chips.

Why would the price go up 800% in a week when we have no proof that we even have miners shipping or going to work for us mining? You don't need fancy math to know that's not going to happen.

mining is where the value can reach 10x levels.  Not through fiat sales

I agree with this.

I don't understand why your view is more valid than mine. Can you explain the working you have done to reach that conclusion?

On the contrary. ACtMs main product is btc - which has indeed gone up in value ten fold.

So our cost of production has stayed the same - as all component parts are bought with FIAT.

So all thing's bring equal our share price should be proportionally higher too.

The paper value of the company is inconsequential. Share price directly reflects the dividend yield figure. If btc was 100 or 3000 USD the number of btc we mine remains static - so the share price is almost entirely unrelated the the FIAT value of btc except where FIAT profit allows us to build more miners with the same percentage of mined coins.

I think it's going to be interesting this time around seeing what happens with the share price. There was a lot of liquidity in the BTCT days for people to discover a new security and give it a chance. Perhaps more securities will come to Cryptotrade once this goes live but this isn't the case now. I guess if people see it on reddit and the share price is rising, maybe people who aren't involved may consider it.

I think we will have a group of people looking to get out and also cash out for BTC now that it is substantially higher, and there will be another group of people who believe we are on the cusp of something big who will want to pick up cheap shares while they can. There is also the believe that there will be some tasty dividends from sales and mining. Most of the buy orders now are hoping there will be an opportunity to pick up bargain basement cheap shares. I think .0011 is still on the low side since we were doing above that on bitfunder before it's fall began to affect the price. That was still in a time of very little news or progress. The past .009 and the eAsic announcement .007 were still in the BTCT days. I guess it all comes down to who believes and who wants out. I think once this goes live we will probably climb to .003 - .004 within a few weeks as long as there is no bad news of delay. It's going to take a lot of progress and good news to get back to .007, but once this gets into full swing I think that is possible and more.

This is all easily obtained publicly available information.

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.

those numbers are so exaggerated it insane.. duhh... its guna go to 1,000 bitcoins per share!!

I agree with the earlier poster who was deleted for saying the mod policy on here  actively allows this dysfunctional thread to continue unabated.

Insults are fine, attacks on the CEO's character seem to be fine and obvious lies ate fine and manipulation seem to be fine.

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