[ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] - page 235.

Ozymandias

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Quote from: zumzero on December 12, 2013, 02:34:45 PM

Okay, I'll sit tight.

I'm roughly as optimistic as you are, and I'm wary of overpromising and underdelivering. For the best examples, see BFL and Hashfast as overpromisers and underdeliverers and KnC and arguably bitfury as their opposites. I'd rather us quietly position ourselves as a potential market leader than lying to our customers at every step of our production process and being, deservedly, shit upon by actual customers (again, see BFL and Hashfast). The troll brigade that has the weirdest hard-on for ActM obviously don't count in the aforementioned customers so their shit spewing is both expected and frankly, adorable.

zumzero

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myBitcoin.Garden

Okay, I'll sit tight.

Ozymandias

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Quote from: zumzero on December 12, 2013, 01:55:59 PM

Quote from: knybe on December 12, 2013, 01:48:49 PM

oh well… it's fun to fantasize about a big fat Ken Xmas present.

This may not be as unlikely as one might think. We are due backdated divs from mining and 50% profit from the first products that were shipped.

Lets say we'll have 46btc in our mining wallet, that will be 460 satoshi per share, I doubt we shipped more than 20-30btc worth (and even that seems a bit high to me) of miners since we were just on sample and low-volume stages of production so personally I'm not expecting anything over 600satoshi/share. It's 3-4 weeks after full production starts (so 3-4 weeks from 1-2 weeks from now) when the dividends will really start flowing.

zumzero

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Quote from: knybe on December 12, 2013, 01:48:49 PM

oh well… it's fun to fantasize about a big fat Ken Xmas present.

This may not be as unlikely as one might think. We are due backdated divs from mining and 50% profit from the first products that were shipped.

mannybitcoins

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Quote from: Ozymandias on December 12, 2013, 01:36:46 PM

Quote from: mannybitcoins on December 12, 2013, 01:30:31 PM

Quote from: knybe on December 12, 2013, 01:28:34 PM

Quote from: mannybitcoins on December 12, 2013, 01:24:24 PM

What does everyone think about this address:

https://blockchain.info/address/13NA7X1u18CgGa7RzTDyvuuoLJtLRvXgke?offset=450&filter=0

Look at the date of the first transaction (September 9, 2013), and the press release dates are Sept. 4, and Sept. 9

so weird I was just getting ready to post a speculation about that very address…

are you implying that this address is connected to ACTM or eASIC in anyway?

I'm very curious as to what others think as I really have no idea. I guess I am implying that I hope it is connected.

I strongly don't believe that they're connected. While 8000btc on Sept 4 was ~$0.93M (which is roughly what our NRE cost), in ZumZero's quote above Ken mentioned converting the NRE funds from bitcoin into fiat (and like is said in that same quote, a few weeks from early august would be late august early september when the NRE was actually paid would fit with the current timeline of us being in low-volume production and a week or two away from high volume production). Though if there was a way to "backtrace" the 8000btc, we could see if it came from bitfunder or btct addresses which would lend credence to a connection.

I tried backtracking the first transaction address, and it looks like it gets payments from the BTCGuild address, which is where Team AMC mines from.

There is a shit load of miners on BTC Guild though, but whoever funded 13NA7X1u18CgGa7RzTDyvuuoLJtLRvXgke is a BTC Guild miner that decided to fund the "For Pierce and Paul" mining entity, which started mining shortly after the press releases, on September 21.

knybe

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decentralize EVERYTHING...

oh well… it's fun to fantasize about a big fat Ken Xmas bonus.

Ozymandias

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Merit: 250

Quote from: mannybitcoins on December 12, 2013, 01:30:31 PM

Quote from: knybe on December 12, 2013, 01:28:34 PM

Quote from: mannybitcoins on December 12, 2013, 01:24:24 PM

What does everyone think about this address:

https://blockchain.info/address/13NA7X1u18CgGa7RzTDyvuuoLJtLRvXgke?offset=450&filter=0

Look at the date of the first transaction (September 9, 2013), and the press release dates are Sept. 4, and Sept. 9

so weird I was just getting ready to post a speculation about that very address…

are you implying that this address is connected to ACTM or eASIC in anyway?

I'm very curious as to what others think as I really have no idea. I guess I am implying that I hope it is connected.

I strongly don't believe that they're connected. While 8000btc on Sept 4 was ~$0.93M (which is roughly what our NRE cost), in ZumZero's quote above Ken mentioned converting the NRE funds from bitcoin into fiat (and like is said in that same quote, a few weeks from early august would be late august early september when the NRE was actually paid would fit with the current timeline of us being in low-volume production and a week or two away from high volume production). Though if there was a way to "backtrace" the 8000btc, we could see if it came from bitfunder or btct addresses which would lend credence to a connection.

knybe

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Activity: 658

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decentralize EVERYTHING...

Quote from: mannybitcoins on December 12, 2013, 01:30:31 PM

Quote from: knybe on December 12, 2013, 01:28:34 PM

Quote from: mannybitcoins on December 12, 2013, 01:24:24 PM

What does everyone think about this address:

https://blockchain.info/address/13NA7X1u18CgGa7RzTDyvuuoLJtLRvXgke?offset=450&filter=0

Look at the date of the first transaction (September 9, 2013), and the press release dates are Sept. 4, and Sept. 9
...

so weird I was just getting ready to post a speculation about that very address…

are you implying that this address is connected to ACTM or eASIC in anyway?

I'm very curious as to what others think as I really have no idea. I guess I am implying that I hope it is connected.

what's interesting is that BTC8,000 at around September 9 would equal to just about $1million… things that make you go hmmmm.

mannybitcoins

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Activity: 274

Merit: 100

Quote from: knybe on December 12, 2013, 01:28:34 PM

Quote from: mannybitcoins on December 12, 2013, 01:24:24 PM

What does everyone think about this address:

https://blockchain.info/address/13NA7X1u18CgGa7RzTDyvuuoLJtLRvXgke?offset=450&filter=0

Look at the date of the first transaction (September 9, 2013), and the press release dates are Sept. 4, and Sept. 9

so weird I was just getting ready to post a speculation about that very address…

are you implying that this address is connected to ACTM or eASIC in anyway?

I'm very curious as to what others think as I really have no idea. I guess I am implying that I hope it is connected.

knybe

hero member

Activity: 658

Merit: 500

decentralize EVERYTHING...

Quote from: mannybitcoins on December 12, 2013, 01:24:24 PM

What does everyone think about this address:

https://blockchain.info/address/13NA7X1u18CgGa7RzTDyvuuoLJtLRvXgke?offset=450&filter=0

Look at the date of the first transaction (September 9, 2013), and the press release dates are Sept. 4, and Sept. 9

so weird I was just getting ready to post a speculation about that very address…

are you implying that this address is connected to ACTM or eASIC in anyway?

mannybitcoins

full member

Activity: 274

Merit: 100

What does everyone think about this address:

https://blockchain.info/address/13NA7X1u18CgGa7RzTDyvuuoLJtLRvXgke?offset=450&filter=0

Look at the date of the first transaction (September 9, 2013), and the press release dates are Sept. 4, and Sept. 9

zumzero

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Activity: 602

Merit: 500

myBitcoin.Garden

Quote from: Ozymandias on December 12, 2013, 12:52:41 PM

Quote from: mannybitcoins on December 12, 2013, 12:31:12 PM

Does anyone know the date eASIC actually received funds from AMC?

I have to find it, but I think that the implication was end of august, early September.

Yeah, starting to lean towards late August since the press release happened on September 4th, and there were hints of a press release being in the works a few days prior to that and the NRE must have been paid before the press release was published by eASIC.

Ken returned from his trip to eASIC on the 3rd of August.

The following Update was issued on the 26th of July.

Shareholder Update:

Hello everyone, I wanted to give a quick update to every investor as it pertains to this week’s proceedings.

We had several meetings yesterday, namely the meeting with eASIC which went extremely well. The ground work has been laid and everything is in motion for the NRE as planned down to the smallest of details. I caution everyone that it will take us a couple of weeks to complete the painstaking process of getting all the funds converted and on to eASIC. Please understand for business and legal reasons that we cannot go into any more detail at this time. I would like to say that the future for Active Mining and its shareholders is exceptionally bright and I am over enthused with how this week has played out. An official announcement will be released in due course.

Kenneth E. Slaughter, CEO/CTO
Virtual Mining Corporation
Active Mining Corporation

Ozymandias

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Quote from: mannybitcoins on December 12, 2013, 12:31:12 PM

Does anyone know the date eASIC actually received funds from AMC?

I have to find it, but I think that the implication was end of august, early September.

Yeah, starting to lean towards late August since the press release happened on September 4th, and there were hints of a press release being in the works a few days prior to that and the NRE must have been paid before the press release was published by eASIC.

mannybitcoins

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Quote from: VolanicEruptor on December 12, 2013, 12:33:07 PM

Quote from: mannybitcoins on December 12, 2013, 12:31:12 PM

Does anyone know the date eASIC actually received funds from AMC?

We can only give you a clue, it rhymes with MDA

Do you have an actual opinion as to the actual date?

VolanicEruptor

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Quote from: mannybitcoins on December 12, 2013, 12:31:12 PM

Does anyone know the date eASIC actually received funds from AMC?

We can only give you a clue, it rhymes with MDA

mannybitcoins

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Does anyone know the date eASIC actually received funds from AMC?

VinceSamios

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Quote from: LorenzoMoney on December 12, 2013, 11:31:49 AM

WE? WE? we are not going to set up a store. There is no 'we'. There are a bunch of people who gave unsecured loans to a dreamer with engineering skill, and those loans are being called shares, and those shares have no voting, advisory or decision rights.

This is not a club, not a religion, not a family. It is a business, which, hopefully will bring profit and gains to some of us, but every time you say we, it sounds like you really believe this is a family business and you are part of the family.

Quote from: drawingthesun on December 12, 2013, 11:08:17 AM

Quote from: tiaguitah on December 12, 2013, 11:06:06 AM

VMC - discussion: on.

Guys, should ken open a amazon store?

http://www.amazon.co.uk/s/ref=nb_sb_noss_1?url=search-alias%3Daps&field-keywords=bitcoin%20miner&sprefix=bitcoin+%2Caps&rh=i%3Aaps%2Ck%3Abitcoin%20miner

BFL is selling there, so is ASICMiner eruptors.

This sure would bring more traffic to virtualminingcorp.com and make VMC more legitimate.

Not to sound negative, but if we set up a store and don't actually ship any product they will come down hard. Amazon is a monster in business, very good but also they will crush people that take the piss.

Wait until we can claim our eASIC product has been shipped and then open the store and allow for orders.

They are just non-voting shares... pretty simple. But a company is required to act in the best interests of its shareholders, so yes there is kind of a "we" here.

LorenzoMoney

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WE? WE? we are not going to set up a store. There is no 'we'. There are a bunch of people who gave unsecured loans to a dreamer with engineering skill, and those loans are being called shares, and those shares have no voting, advisory or decision rights.

This is not a club, not a religion, not a family. It is a business, which, hopefully will bring profit and gains to some of us, but every time you say we, it sounds like you really believe this is a family business and you are part of the family.

Quote from: drawingthesun on December 12, 2013, 11:08:17 AM

Quote from: tiaguitah on December 12, 2013, 11:06:06 AM

VMC - discussion: on.

Guys, should ken open a amazon store?

http://www.amazon.co.uk/s/ref=nb_sb_noss_1?url=search-alias%3Daps&field-keywords=bitcoin%20miner&sprefix=bitcoin+%2Caps&rh=i%3Aaps%2Ck%3Abitcoin%20miner

BFL is selling there, so is ASICMiner eruptors.

This sure would bring more traffic to virtualminingcorp.com and make VMC more legitimate.

Not to sound negative, but if we set up a store and don't actually ship any product they will come down hard. Amazon is a monster in business, very good but also they will crush people that take the piss.

Wait until we can claim our eASIC product has been shipped and then open the store and allow for orders.

tiaguitah

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Quote from: drawingthesun on December 12, 2013, 11:08:17 AM

Quote from: tiaguitah on December 12, 2013, 11:06:06 AM

VMC - discussion: on.

Guys, should ken open a amazon store?

http://www.amazon.co.uk/s/ref=nb_sb_noss_1?url=search-alias%3Daps&field-keywords=bitcoin%20miner&sprefix=bitcoin+%2Caps&rh=i%3Aaps%2Ck%3Abitcoin%20miner

BFL is selling there, so is ASICMiner eruptors.

This sure would bring more traffic to virtualminingcorp.com and make VMC more legitimate.

Not to sound negative, but if we set up a store and don't actually ship any product they will come down hard. Amazon is a monster in business, very good but also they will crush people that take the piss.

Wait until we can claim our eASIC product has been shipped and then open the store and allow for orders.

Ur right. Future! come quick!

drawingthesun

legendary

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Quote from: tiaguitah on December 12, 2013, 11:06:06 AM

VMC - discussion: on.

Guys, should ken open a amazon store?

http://www.amazon.co.uk/s/ref=nb_sb_noss_1?url=search-alias%3Daps&field-keywords=bitcoin%20miner&sprefix=bitcoin+%2Caps&rh=i%3Aaps%2Ck%3Abitcoin%20miner

BFL is selling there, so is ASICMiner eruptors.

This sure would bring more traffic to virtualminingcorp.com and make VMC more legitimate.

Not to sound negative, but if we set up a store and don't actually ship any product they will come down hard. Amazon is a monster in business, very good but also they will crush people that take the piss.

Wait until we can claim our eASIC product has been shipped and then open the store and allow for orders.

Topic: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] - page 235. (Read 771288 times)