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.
Topic: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] - page 236. (Read 771288 times)
December 12, 2013, 11:06:06 AM
December 12, 2013, 10:25:51 AM
Yes excellent news, good to see it going down so well - can we number crunch based on this release?
You might wonder how?
Well 'over 50% of our manufacturing capabilities' would mean we should have more machines on our farm than the number of machines that we have on order - in other words we are building more machines for ourselves than for customers, so if we are building X number of machines for customers in month 1 then we should be building X+a number for our farm in the same month.
Ken said we had orders for 2.1Mill USD of machines in November alone. So lets say a slightly larger 2.5Mill (X+a) is going into our mining farm build over the same period. All things being equal lets say if 2.1Mill = 100 machines for customers we would build 100+a for ourselves over the same period.
If we assume that we do have the capabilities to produce the 2.1Mill in orders each month (our monthly sales figure if sales remain flat) then will have (in relative terms) by the end of January spent 7.5Mill of manufacturing capability building up our farm - 3months away so 3x2.5=7.5.
This is overall a more rough estimate of manufacturing capabilities but it tallies in well with my previous predictions of the % of total hash we can achieve by February 2014.
In summary if we say we will build more miners for ourselves than we do for customers, and we are taking orders and building 2.1Mill of machines a month for customers, then we will have an even more substantial farm by February (over 7Mill USD worth) than my last prediction suggests.
So both estimates give us a farm that can take no less than 10% of total global hash through 2014.
You might wonder how?
Well 'over 50% of our manufacturing capabilities' would mean we should have more machines on our farm than the number of machines that we have on order - in other words we are building more machines for ourselves than for customers, so if we are building X number of machines for customers in month 1 then we should be building X+a number for our farm in the same month.
Ken said we had orders for 2.1Mill USD of machines in November alone. So lets say a slightly larger 2.5Mill (X+a) is going into our mining farm build over the same period. All things being equal lets say if 2.1Mill = 100 machines for customers we would build 100+a for ourselves over the same period.
If we assume that we do have the capabilities to produce the 2.1Mill in orders each month (our monthly sales figure if sales remain flat) then will have (in relative terms) by the end of January spent 7.5Mill of manufacturing capability building up our farm - 3months away so 3x2.5=7.5.
This is overall a more rough estimate of manufacturing capabilities but it tallies in well with my previous predictions of the % of total hash we can achieve by February 2014.
In summary if we say we will build more miners for ourselves than we do for customers, and we are taking orders and building 2.1Mill of machines a month for customers, then we will have an even more substantial farm by February (over 7Mill USD worth) than my last prediction suggests.
So both estimates give us a farm that can take no less than 10% of total global hash through 2014.
December 12, 2013, 10:21:08 AM
Volanic,
At the moment, I have a mustard yellow, 150 cc scooter with a sidecar (for reference http://www.genuinescooters.com/stella4.html )
At the moment, I have a mustard yellow, 150 cc scooter with a sidecar (for reference http://www.genuinescooters.com/stella4.html )
LOL, if I get burned hard by the Slaughter family, at least I'll feel a small sense of satisfaction that you went down too
December 12, 2013, 09:59:07 AM
People convert to FIAT because you can only buy a Fiat and can't buy a Fiat with Bitcoin. Someone with 1,000 cannot invest it in a safe legal way to get interest. Yet, if 1,000 bitcoin sold at 1000 USD each yields $1,000,000 which can be invested to yield interest.
Until the day that there is a viable, total economy in which the farmer buys seed, pays exploited immigrant workers, sells for, and then is able to pay off loans in bitcoin, we will always convert to FIAT.
And, once Ken makes me rich, I am going to buy two Fiat 500s.
And, a Harley.
With a side car.
Why are people still converting to Fiat. That is sooooo Nov 2013.
Until the day that there is a viable, total economy in which the farmer buys seed, pays exploited immigrant workers, sells for, and then is able to pay off loans in bitcoin, we will always convert to FIAT.
And, once Ken makes me rich, I am going to buy two Fiat 500s.
And, a Harley.
With a side car.
Soon, there will be a viable exchange trading ActM shares.
The price will open high, then drop and the cowards, the unbelievers, the wimps, the liars, those without the courage to share in the ActM vision will dump their shares. Then, those of us who believe, will swoop down and buy those shares and then price will normalize. Then, K.S. will deliver good news, and mining will begin in earnest and the dividends will flow like blood at a boxing match, like petroleum in the shale oil fields of Canada, like whiskey in a whiskey factory, and the price of the stock will Zum-Zoom up, up, and then those of us who bought really low will sell some of our shares at huge profits, and then the profits will flow more and ActM buys more chips and designs faster and faster chips until 48% of all mining is done by ActM, and in the same way that G.AsicMiner on BF went from .8 to 4.5 bitcoin in a short time, ActM shares will go from .002 on the complete transfer day to .0108 and then anyone with 10,000 shares will get 108 bitcoin and bitcoin will be selling at 1300 USD so everyone with 10K shares will get 140,400 USD and K.S. will make us all rich.
The price will open high, then drop and the cowards, the unbelievers, the wimps, the liars, those without the courage to share in the ActM vision will dump their shares. Then, those of us who believe, will swoop down and buy those shares and then price will normalize. Then, K.S. will deliver good news, and mining will begin in earnest and the dividends will flow like blood at a boxing match, like petroleum in the shale oil fields of Canada, like whiskey in a whiskey factory, and the price of the stock will Zum-Zoom up, up, and then those of us who bought really low will sell some of our shares at huge profits, and then the profits will flow more and ActM buys more chips and designs faster and faster chips until 48% of all mining is done by ActM, and in the same way that G.AsicMiner on BF went from .8 to 4.5 bitcoin in a short time, ActM shares will go from .002 on the complete transfer day to .0108 and then anyone with 10,000 shares will get 108 bitcoin and bitcoin will be selling at 1300 USD so everyone with 10K shares will get 140,400 USD and K.S. will make us all rich.
Why are people still converting to Fiat. That is sooooo Nov 2013.
December 12, 2013, 08:47:00 AM
Weekly Update 12/11/13
VMC:
We are continuing to bring in all the parts for mass production of our miners.
AMC:
We will be using a minimum of 50% of our manufacturing capacity to build miners for AMC's mining farm.
VMC:
We are continuing to bring in all the parts for mass production of our miners.
AMC:
We will be using a minimum of 50% of our manufacturing capacity to build miners for AMC's mining farm.
This is awesome. Great work Ken.
December 12, 2013, 08:39:45 AM
50% of zero is still zero
Still avoiding any response on chips or what was actually "shipped to customers"
Still avoiding any response on chips or what was actually "shipped to customers"
You blurt demands for information to strengthen your case against ActM, all the while highlighting areas of confidentiality where information is naturally thin on the ground, yet you fabricate information to strengthen your case which you know can't be disproven at this time. Your disinformation and propaganda is no where near as effective as you would like, simply put, because you are nothing but a third rate troll. hehe.
pankkake is a Troll for Hire and will offer his trolling services for a fee. He also accepts payments to 'remain silent' on whichever thread he has targeted.
https://bitcointalksearch.org/topic/threats-to-extort-and-blackmail-bct-companies-by-the-user-pankkake-344219
December 12, 2013, 05:28:39 AM
Ken will probably have to do it manually rather than through the automated site but I doubt it will be too much of an issue to sort out. Ken has always been more than helpful when it comes to transferring peoples shares etc.
December 12, 2013, 05:17:52 AM
Hey Guys,
i have a question concerning the Share verification.
following situation:
when i transferred my shares to AMC Tender i signed my Bitfunder public adress already with all the required information ( like: with No. of shares, Username, Time of the transfer and bitfunder Public Adress)
(screenhots of the transfer itsself and of the Signed Message were taken)
I still have the Signed KEY (SIGNATURE?) (dont know how to call) which was given me after signing.
Now i lost the private Key to use my Desktop wallet. Ist that a problem or am i still able to proof the ownership of my shares?
Thanks in advance
cheers
i have a question concerning the Share verification.
following situation:
when i transferred my shares to AMC Tender i signed my Bitfunder public adress already with all the required information ( like: with No. of shares, Username, Time of the transfer and bitfunder Public Adress)
(screenhots of the transfer itsself and of the Signed Message were taken)
I still have the Signed KEY (SIGNATURE?) (dont know how to call) which was given me after signing.
Now i lost the private Key to use my Desktop wallet. Ist that a problem or am i still able to proof the ownership of my shares?
Thanks in advance
cheers
No problem, as long as you can still sign with the address you used on Bitfunder, Ken will likely give us an exact message that will need to be copy and pasted into your wallet client and a new signed message generated and used to verify shares.
as mentioned i lost the private Key (used for transfers, signings etc.) of my desktop wallet. But i signed before already with the above mentioned aspects + screenshots of the bitfunder transfer and of the signed message...wouldn't that be enough to proof the ownership?
thank you.
December 12, 2013, 05:11:09 AM
50% of zero is still zero
Still avoiding any response on chips or what was actually "shipped to customers"
Still avoiding any response on chips or what was actually "shipped to customers"
Give it up pankkake or your gonna look like a fool in a few weeks time.
December 12, 2013, 05:09:25 AM
One of the best updates we have had so far. Incredible to hear we will be using AT LEAST 50% of manufacturing capabilities to make miners for us. Things are really starting to look up for Active Mining.
Great work Ken - a little bit of info goes a long way so thank you for these weekly updates.
Great work Ken - a little bit of info goes a long way so thank you for these weekly updates.
December 12, 2013, 05:07:26 AM
Hey Guys,
i have a question concerning the Share verification.
following situation:
when i transferred my shares to AMC Tender i signed my Bitfunder public adress already with all the required information ( like: with No. of shares, Username, Time of the transfer and bitfunder Public Adress)
(screenhots of the transfer itsself and of the Signed Message were taken)
I still have the Signed KEY (SIGNATURE?) (dont know how to call) which was given me after signing.
Now i lost the private Key to use my Desktop wallet. Ist that a problem or am i still able to proof the ownership of my shares?
Thanks in advance
cheers
i have a question concerning the Share verification.
following situation:
when i transferred my shares to AMC Tender i signed my Bitfunder public adress already with all the required information ( like: with No. of shares, Username, Time of the transfer and bitfunder Public Adress)
(screenhots of the transfer itsself and of the Signed Message were taken)
I still have the Signed KEY (SIGNATURE?) (dont know how to call) which was given me after signing.
Now i lost the private Key to use my Desktop wallet. Ist that a problem or am i still able to proof the ownership of my shares?
Thanks in advance
cheers
No problem, as long as you can still sign with the address you used on Bitfunder, Ken will likely give us an exact message that will need to be copy and pasted into your wallet client and a new signed message generated and used to verify shares.
December 12, 2013, 03:56:58 AM
Hey Guys,
i have a question concerning the Share verification.
following situation:
when i transferred my shares to AMC Tender i signed my Bitfunder public adress already with all the required information ( like: with No. of shares, Username, Time of the transfer and bitfunder Public Adress)
(screenhots of the transfer itsself and of the Signed Message were taken)
I still have the Signed KEY (SIGNATURE?) (dont know how to call) which was given me after signing.
Now i lost the private Key to use my Desktop wallet. Ist that a problem or am i still able to proof the ownership of my shares?
Thanks in advance
cheers
i have a question concerning the Share verification.
following situation:
when i transferred my shares to AMC Tender i signed my Bitfunder public adress already with all the required information ( like: with No. of shares, Username, Time of the transfer and bitfunder Public Adress)
(screenhots of the transfer itsself and of the Signed Message were taken)
I still have the Signed KEY (SIGNATURE?) (dont know how to call) which was given me after signing.
Now i lost the private Key to use my Desktop wallet. Ist that a problem or am i still able to proof the ownership of my shares?
Thanks in advance
cheers
December 12, 2013, 03:00:01 AM
50% of zero is still zero
Still avoiding any response on chips or what was actually "shipped to customers"
Still avoiding any response on chips or what was actually "shipped to customers"
Well, maybe you should put Activemining-PR on your "People who hurt my feelings"-list. That'll teach them.
December 12, 2013, 01:47:36 AM
Weekly Update 12/11/13
Crypto-Trade:
Still working on the verification program, which should be finished this week. After the verification program is finished we will have a time where shareholders will be able to verify their shares. After that we will move this batch over to Crypto-Trade and start trading. Lagers will still be able to verify there shares and will be moved to Crypto-Trade in batches.
VMC:
We are continuing to bring in all the parts for mass production of our miners.
AMC:
We will be using a minimum of 50% of our manufacturing capacity to build miners for AMC's mining farm.
Crypto-Trade:
Still working on the verification program, which should be finished this week. After the verification program is finished we will have a time where shareholders will be able to verify their shares. After that we will move this batch over to Crypto-Trade and start trading. Lagers will still be able to verify there shares and will be moved to Crypto-Trade in batches.
VMC:
We are continuing to bring in all the parts for mass production of our miners.
AMC:
We will be using a minimum of 50% of our manufacturing capacity to build miners for AMC's mining farm.
Im mostly excited to hear this
December 12, 2013, 01:37:58 AM
Weekly Update 12/11/13
Crypto-Trade:
Still working on the verification program, which should be finished this week. After the verification program is finished we will have a time where shareholders will be able to verify their shares. After that we will move this batch over to Crypto-Trade and start trading. Lagers will still be able to verify there shares and will be moved to Crypto-Trade in batches.
VMC:
We are continuing to bring in all the parts for mass production of our miners.
AMC:
We will be using a minimum of 50% of our manufacturing capacity to build miners for AMC's mining farm.
Crypto-Trade:
Still working on the verification program, which should be finished this week. After the verification program is finished we will have a time where shareholders will be able to verify their shares. After that we will move this batch over to Crypto-Trade and start trading. Lagers will still be able to verify there shares and will be moved to Crypto-Trade in batches.
VMC:
We are continuing to bring in all the parts for mass production of our miners.
AMC:
We will be using a minimum of 50% of our manufacturing capacity to build miners for AMC's mining farm.
How many miners have been manufactured? I just want to know if there has been at least one working unit that has met the stated specs.
Cross your fingers, click your heels together and hope your question is answered next week
December 12, 2013, 12:41:20 AM
Weekly Update 12/11/13
Crypto-Trade:
Still working on the verification program, which should be finished this week. After the verification program is finished we will have a time where shareholders will be able to verify their shares. After that we will move this batch over to Crypto-Trade and start trading. Lagers will still be able to verify there shares and will be moved to Crypto-Trade in batches.
VMC:
We are continuing to bring in all the parts for mass production of our miners.
AMC:
We will be using a minimum of 50% of our manufacturing capacity to build miners for AMC's mining farm.
Crypto-Trade:
Still working on the verification program, which should be finished this week. After the verification program is finished we will have a time where shareholders will be able to verify their shares. After that we will move this batch over to Crypto-Trade and start trading. Lagers will still be able to verify there shares and will be moved to Crypto-Trade in batches.
VMC:
We are continuing to bring in all the parts for mass production of our miners.
AMC:
We will be using a minimum of 50% of our manufacturing capacity to build miners for AMC's mining farm.
How many miners have been manufactured? I just want to know if there has been at least one working unit that has met the stated specs.
December 12, 2013, 12:24:29 AM
Weekly Update 12/11/13
Crypto-Trade:
Still working on the verification program, which should be finished this week. After the verification program is finished we will have a time where shareholders will be able to verify their shares. After that we will move this batch over to Crypto-Trade and start trading. Lagers will still be able to verify there shares and will be moved to Crypto-Trade in batches.
VMC:
We are continuing to bring in all the parts for mass production of our miners.
AMC:
We will be using a minimum of 50% of our manufacturing capacity to build miners for AMC's mining farm.
Crypto-Trade:
Still working on the verification program, which should be finished this week. After the verification program is finished we will have a time where shareholders will be able to verify their shares. After that we will move this batch over to Crypto-Trade and start trading. Lagers will still be able to verify there shares and will be moved to Crypto-Trade in batches.
VMC:
We are continuing to bring in all the parts for mass production of our miners.
AMC:
We will be using a minimum of 50% of our manufacturing capacity to build miners for AMC's mining farm.
+1 Great!
December 11, 2013, 08:15:55 PM
Weekly Update 12/11/13
Crypto-Trade:
Still working on the verification program, which should be finished this week. After the verification program is finished we will have a time where shareholders will be able to verify their shares. After that we will move this batch over to Crypto-Trade and start trading. Lagers will still be able to verify there shares and will be moved to Crypto-Trade in batches.
VMC:
We are continuing to bring in all the parts for mass production of our miners.
AMC:
We will be using a minimum of 50% of our manufacturing capacity to build miners for AMC's mining farm.
Crypto-Trade:
Still working on the verification program, which should be finished this week. After the verification program is finished we will have a time where shareholders will be able to verify their shares. After that we will move this batch over to Crypto-Trade and start trading. Lagers will still be able to verify there shares and will be moved to Crypto-Trade in batches.
VMC:
We are continuing to bring in all the parts for mass production of our miners.
AMC:
We will be using a minimum of 50% of our manufacturing capacity to build miners for AMC's mining farm.
ActiveMining-PR, you're alive!
Thanks for the good news.
December 11, 2013, 08:13:52 PM
Soon, there will be a viable exchange trading ActM shares.
The price will open high, then drop and the cowards, the unbelievers, the wimps, the liars, those without the courage to share in the ActM vision will dump their shares. Then, those of us who believe, will swoop down and buy those shares and then price will normalize. Then, K.S. will deliver good news, and mining will begin in earnest and the dividends will flow like blood at a boxing match, like petroleum in the shale oil fields of Canada, like whiskey in a whiskey factory, and the price of the stock will Zum-Zoom up, up, and then those of us who bought really low will sell some of our shares at huge profits, and then the profits will flow more and ActM buys more chips and designs faster and faster chips until 48% of all mining is done by ActM, and in the same way that G.AsicMiner on BF went from .8 to 4.5 bitcoin in a short time, ActM shares will go from .002 on the complete transfer day to .0108 and then anyone with 10,000 shares will get 108 bitcoin and bitcoin will be selling at 1300 USD so everyone with 10K shares will get 140,400 USD and K.S. will make us all rich.
The price will open high, then drop and the cowards, the unbelievers, the wimps, the liars, those without the courage to share in the ActM vision will dump their shares. Then, those of us who believe, will swoop down and buy those shares and then price will normalize. Then, K.S. will deliver good news, and mining will begin in earnest and the dividends will flow like blood at a boxing match, like petroleum in the shale oil fields of Canada, like whiskey in a whiskey factory, and the price of the stock will Zum-Zoom up, up, and then those of us who bought really low will sell some of our shares at huge profits, and then the profits will flow more and ActM buys more chips and designs faster and faster chips until 48% of all mining is done by ActM, and in the same way that G.AsicMiner on BF went from .8 to 4.5 bitcoin in a short time, ActM shares will go from .002 on the complete transfer day to .0108 and then anyone with 10,000 shares will get 108 bitcoin and bitcoin will be selling at 1300 USD so everyone with 10K shares will get 140,400 USD and K.S. will make us all rich.
I'm relieved to hear that whiskey comes from a whiskey factory! HAHA!
December 11, 2013, 08:11:10 PM
Weekly Update 12/11/13
Crypto-Trade:
Still working on the verification program, which should be finished this week. After the verification program is finished we will have a time where shareholders will be able to verify their shares. After that we will move this batch over to Crypto-Trade and start trading. Lagers will still be able to verify there shares and will be moved to Crypto-Trade in batches.
VMC:
We are continuing to bring in all the parts for mass production of our miners.
AMC:
We will be using a minimum of 50% of our manufacturing capacity to build miners for AMC's mining farm.
Crypto-Trade:
Still working on the verification program, which should be finished this week. After the verification program is finished we will have a time where shareholders will be able to verify their shares. After that we will move this batch over to Crypto-Trade and start trading. Lagers will still be able to verify there shares and will be moved to Crypto-Trade in batches.
VMC:
We are continuing to bring in all the parts for mass production of our miners.
AMC:
We will be using a minimum of 50% of our manufacturing capacity to build miners for AMC's mining farm.
Good job, thanks for this.
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