[ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] - page 237.

Mabsark

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Quote from: Stuartuk on December 11, 2013, 07:24:45 PM

MabSark - very quickly as it's late.
Your disrespectful attitude is not on. You are not a five year old so stop acting like one. I was perfectly polite to you.

When you learn to show some respect to others, perhaps they'll treat you with respect. You was not perfectly polite to me at all. That's another lie, another misrepresentation of facts. Do you actually think that trying to take the piss out of someone and claiming to be happy because you thought they lost 75% of their money is respectful?

"Mabsark - I am very very happy that you lost 75+% of your money in Labcoin, lessons like that are invaluable in life."

Quote from: Stuartuk on December 11, 2013, 07:24:45 PM

Firstly eASIC do not fab the chip's. Their many foundry partners do and these suppliers can easily produce repeated large orders - look at the size of the companies eASIC supply to and think of the size of their current orders.

Foundries have many customers, some of them very large. What makes you think there will be any capacity left for eASIC? And even if there is capacity, they still can't make the chips in a month.

Quote from: Stuartuk on December 11, 2013, 07:24:45 PM

Second, we are taking in 2.1 million USD in orders per month - as you would know if you paid attention. Hence a conservative estimate of having 4 mill available to fund the farm in January. We are expected to take in 4mill by then giving us over 6mill in fund's total.

So, when Ken says, "As of this date at the current price of Bitcoins we have over 2.3 Million in liquid assets, this includes Bitcoins, Cash from VMC, and AMC purchased ActiveMining shares", you're calling him a liar?

Quote from: Stuartuk on December 11, 2013, 07:24:45 PM

Thirdly I don't know what you are talking about with this 1 PETAhash. I didn't mention 1 PETAhash specifically. Yes I say in my post we will have 7% of network hash through the month of February. And my estimate places that around 40 of our mining rigs -
24.5TH/s each = 0.98PETAhash. That is how many rigs I believe we can deploy by end February with a 4mill invest fund.

I'm getting the 1 Ph/s from multiplying 40 by 24.5 Th/s. You just even pointed it out yourself after asking me where it's coming from. What the hell is wrong with you?

Quote from: Stuartuk on December 11, 2013, 07:24:45 PM

Finally you are extremely rude and clearly unable to do reasonable research or hold a grown-up conversation so you are now on my ignore list - incase you wonder why I don't reply to your nonsense.

Someone doesn't like facts and logic. I'll leave you to get trolled by crumbs then.

damiano

legendary

Activity: 1246

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103 days, 21 hours and 10 minutes.

Quote from: LorenzoMoney on December 11, 2013, 07:55:07 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.

270,000BTC valuation / $351,000,000

Better than the 1.8 billion one I saw yesterday

Jasun7211

sr. member

Activity: 517

Merit: 250

Quote from: LorenzoMoney on December 11, 2013, 07:55:07 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.

Why are people still converting to Fiat. That is sooooo Nov 2013.

LorenzoMoney

sr. member

Activity: 335

Merit: 250

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.

Jasun7211

sr. member

Activity: 517

Merit: 250

Quote from: ActiveMining-PR on December 11, 2013, 07:41:32 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.

TMI. I don't think this board can handle this deluge of info. Hahaha. Thanks Ken and Co. Keep up the good work.

JoTheKhan

sr. member

Activity: 378

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Quote from: ActiveMining-PR on December 11, 2013, 07:41:32 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.

+1

Thank you sir.

ActiveMining-PR

newbie

Activity: 27

Merit: 0

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.

Mabsark

legendary

Activity: 826

Merit: 1004

Quote from: deizel on December 11, 2013, 07:02:38 PM

Quote from: Mabsark on December 11, 2013, 05:54:20 PM

You can't just give eASIC $1.6 million and expect to get $1.6 million worth of chips from them instantly.
What makes you think eASIC can produce millions of dollars worth of chips every month?

Keep in mind that eASIC - once the design/conversion has been finalised - outsource to foundries such as GlobalFoundries and Fujitsu.^[1]

Quote from: http://www.networkworld.com/news/2012/120712-amd-cuts-chip-orders-to-264886.html

AMD had previously contracted to buy $500 million in wafers in the fourth quarter from GlobalFoundries

Granted, the chips don't just materialize on the spot; though I don't see us hitting a ceiling with chip order sizes in the range of a few million dollars.

You're missing the point. It takes more than 1 month to produce the chips and the foundries have far bigger customers such as ARM, AMD, etc. The foundries don't have infinite capacity and can only produce a limited amount of chips in a specific time frame. While ActM may not be hitting that ceiling, you can bet that AMD and ARM will be.

Expecting the hash rate to keep increasing every month shows a complete lack of understanding of the subject.

Stuartuk

sr. member

Activity: 266

Merit: 250

MabSark - very quickly as it's late.

Your disrespectful attitude is not on. You are not a five year old so stop acting like one. I was perfectly polite to you.

Firstly eASIC do not fab the chip's. Their many foundry partners do and these suppliers can easily produce repeated large orders - look at the size of the companies eASIC supply to and think of the size of their current orders.

Second, we are taking in 2.1 million USD in orders per month - as you would know if you paid attention. Hence a conservative estimate of having 4 mill available to fund the farm in January. We are expected to take in 4mill by then giving us over 6mill in fund's total.

Thirdly I don't know what you are talking about with this 1 PETAhash. I didn't mention 1 PETAhash specifically. Yes I say in my post we will have 7% of network hash through the month of February. And my estimate places that around 40 of our mining rigs -
24.5TH/s each = 0.98PETAhash. That is how many rigs I believe we can deploy by end February with a 4mill invest fund.

Finally you are extremely rude and clearly unable to do reasonable research or hold a grown-up conversation so you are now on my ignore list - incase you wonder why I don't reply to your nonsense.

deizel

member

Activity: 114

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Quote from: Mabsark on December 11, 2013, 05:54:20 PM

You can't just give eASIC $1.6 million and expect to get $1.6 million worth of chips from them instantly.
What makes you think eASIC can produce millions of dollars worth of chips every month?

Keep in mind that eASIC - once the design/conversion has been finalised - outsource to foundries such as GlobalFoundries and Fujitsu.^[1]

Quote from: http://www.networkworld.com/news/2012/120712-amd-cuts-chip-orders-to-264886.html

AMD had previously contracted to buy $500 million in wafers in the fourth quarter from GlobalFoundries

Granted, the chips don't just materialize on the spot; though I don't see us hitting a ceiling with chip order sizes in the range of a few million dollars.

zumzero

hero member

Activity: 602

Merit: 500

myBitcoin.Garden

Quote from: kleeck on December 11, 2013, 06:22:40 PM

Quote from: Mabsark on December 11, 2013, 05:54:20 PM

Quote from: Stuartuk on December 11, 2013, 05:19:31 PM

Here is my post Mabsark

https://bitcointalksearch.org/topic/m.3906211

Care to mention anything specific?

First of all, using https://bitcointalksearch.org/topic/m.3741018 shows profit being spent each money to buy more chips. That isn't a possibility. You can't just give eASIC $1.6 million and expect to get $1.6 million worth of chips from them instantly. They're not wizards and magic does not exist. Those chips have to be ordered and produced. When was the NRE paid again? We still don't have chips after months. What makes you think eASIC can produce millions of dollars worth of chips every month? The whole post is based on a flawed foundation.

Quote from: Stuartuk on December 10, 2013, 09:42:30 AM

So we can expect that by the time we are a few weeks into January we will have a fund of over 4Mill USD to spend solely on the ACtM mining farm.
Therefore by end of January we can expect to have in the region of 40 fully deployed 24.5TH/s machines on our farm. (The machines are retailing at 233k. I would expect cost-price would be sub 50% of retail, so at 90k per machine that gives us 400k change for install costs from a 4Mill fund).

Why would you expect that when Ken recently said:

Quote

As of this date at the current price of Bitcoins we have over 2.3 Million in liquid assets, this includes Bitcoins, Cash from VMC, and AMC purchased ActiveMining shares

.

First you pull $4 million out your arse, then you pull 1 Ph/s out your arse too. You don't know how many chips eASIC wil produce for ActM and you don't know how many chips have already been sold.

You claim not to lying piece of shit, misrepresenting facts in order to hype up the share price, yet in that post you claim to be using the latest update from Ken dated 2013-09-24, whereas the latest update from Ken was on 2013-11-30. I also checked the pdfs and couldn't find any mention of $4 million.

Welcome back to the forums, Mabsy. I appreciate you actually discussing ActM here. I'd like to toss in a little data that might shed some light on this.

According to eASIC it takes them 8 weeks from tape-out to tested chips. As development will be complete in the scenario above, that is the most realistic time frame for a new batch of chips from them, I believe. That being said, I'm not sure how many batches of current 28nm Netreme-2 chips we will be reordering as the real benefit in using eASIC is that one can move from FPGA -> Nextreme -> easiCopy (Full Cell-Based ASICs) seamlessly. Once Ken gets Intellihash working on the current pending batch and ActM gets moving with production I suspect Ken will be in talks with eASIC to start planning the easiCopy move.

Resources:

http://www.easic.com/high-speed-transceivers-low-cost-power-fpga-nre-asic-45nm-easic-nextreme-2/easic-nextreme-2-overview/
http://www.easic.com/Spatr7ve/website-wp1/wp-content/uploads/2011/05/easicopy-ASIC-Product-Brief.pdf

kleeck

hero member

Activity: 532

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https://karatcoin.co

Quote from: Mabsark on December 11, 2013, 05:54:20 PM

Quote from: Stuartuk on December 11, 2013, 05:19:31 PM

Here is my post Mabsark

https://bitcointalksearch.org/topic/m.3906211

Care to mention anything specific?

First of all, using https://bitcointalksearch.org/topic/m.3741018 shows profit being spent each money to buy more chips. That isn't a possibility. You can't just give eASIC $1.6 million and expect to get $1.6 million worth of chips from them instantly. They're not wizards and magic does not exist. Those chips have to be ordered and produced. When was the NRE paid again? We still don't have chips after months. What makes you think eASIC can produce millions of dollars worth of chips every month? The whole post is based on a flawed foundation.

Quote from: Stuartuk on December 10, 2013, 09:42:30 AM

So we can expect that by the time we are a few weeks into January we will have a fund of over 4Mill USD to spend solely on the ACtM mining farm.
Therefore by end of January we can expect to have in the region of 40 fully deployed 24.5TH/s machines on our farm. (The machines are retailing at 233k. I would expect cost-price would be sub 50% of retail, so at 90k per machine that gives us 400k change for install costs from a 4Mill fund).

Why would you expect that when Ken recently said:

Quote

As of this date at the current price of Bitcoins we have over 2.3 Million in liquid assets, this includes Bitcoins, Cash from VMC, and AMC purchased ActiveMining shares

.

First you pull $4 million out your arse, then you pull 1 Ph/s out your arse too. You don't know how many chips eASIC wil produce for ActM and you don't know how many chips have already been sold.

You claim not to lying piece of shit, misrepresenting facts in order to hype up the share price, yet in that post you claim to be using the latest update from Ken dated 2013-09-24, whereas the latest update from Ken was on 2013-11-30. I also checked the pdfs and couldn't find any mention of $4 million.

Welcome back to the forums, Mabsy. I appreciate you actually discussing ActM here. I'd like to toss in a little data that might shed some light on this.

According to eASIC it takes them 8 weeks from tape-out to tested chips. As development will be complete in the scenario above, that is the most realistic time frame for a new batch of chips from them, I believe. That being said, I'm not sure how many batches of current 28nm Netreme-2 chips we will be reordering as the real benefit in using eASIC is that one can move from FPGA -> Nextreme -> easiCopy (Full Cell-Based ASICs) seamlessly. Once Ken gets Intellihash working on the current pending batch and ActM gets moving with production I suspect Ken will be in talks with eASIC to start planning the easiCopy move.

Resources:

http://www.easic.com/high-speed-transceivers-low-cost-power-fpga-nre-asic-45nm-easic-nextreme-2/easic-nextreme-2-overview/
http://www.easic.com/Spatr7ve/website-wp1/wp-content/uploads/2011/05/easicopy-ASIC-Product-Brief.pdf

Mabsark

legendary

Activity: 826

Merit: 1004

Quote from: Stuartuk on December 11, 2013, 05:19:31 PM

Here is my post Mabsark

https://bitcointalksearch.org/topic/m.3906211

Care to mention anything specific?

First of all, using https://bitcointalksearch.org/topic/m.3741018 shows profit being spent each month to buy more chips. That isn't a possibility. You can't just give eASIC $1.6 million and expect to get $1.6 million worth of chips from them instantly. They're not wizards and magic does not exist. Those chips have to be ordered and produced. When was the NRE paid again? We still don't have chips after months. What makes you think eASIC can produce millions of dollars worth of chips every month? The whole post is based on a flawed foundation.

Quote from: Stuartuk on December 10, 2013, 09:42:30 AM

So we can expect that by the time we are a few weeks into January we will have a fund of over 4Mill USD to spend solely on the ACtM mining farm.
Therefore by end of January we can expect to have in the region of 40 fully deployed 24.5TH/s machines on our farm. (The machines are retailing at 233k. I would expect cost-price would be sub 50% of retail, so at 90k per machine that gives us 400k change for install costs from a 4Mill fund).

Why would you expect that when Ken recently said:

Quote

As of this date at the current price of Bitcoins we have over 2.3 Million in liquid assets, this includes Bitcoins, Cash from VMC, and AMC purchased ActiveMining shares

.

First you pull $4 million out your arse, then you pull 1 Ph/s out your arse too. You don't know how many chips eASIC wil produce for ActM and you don't know how many chips have already been sold.

You claim not to be a lying piece of shit, misrepresenting facts in order to hype up the share price, yet in that post you claim to be using the latest update from Ken dated 2013-09-24, whereas the latest update from Ken was on 2013-11-30. I also checked the pdfs and couldn't find any mention of $4 million.

babybonobo

sr. member

Activity: 278

Merit: 250

#hardworkpaysoff

Quote from: damiano on December 11, 2013, 04:54:35 PM

Quote from: ?? on ??

God this thread is complete and utter shit

+1 I recommend DTS's Fact Only Thread. Even the people who you guys call trolls are only giving relevant information in there.

Yeah I saw it, it's good and appreciated.

I have moved my bookmarks :p

Stuartuk

sr. member

Activity: 266

Merit: 250

Here is my post Mabsark

https://bitcointalksearch.org/topic/m.3906211

Care to mention anything specific?

Mabsark

legendary

Activity: 826

Merit: 1004

Quote from: Stuartuk on December 11, 2013, 04:20:44 PM

Quote from: Mabsark on December 11, 2013, 04:08:49 PM

Since when are estimations facts? Especially when those estimations are clearly wrong.

Care to mention anything specific?

You claimed to be posting facts. I pointed out your so called facts were nothing but wild speculation designed to make ActM look better than it actually is. You responded by saying I was wrong because you've did the estimations.

damiano

legendary

Activity: 1246

Merit: 1000

103 days, 21 hours and 10 minutes.

Quote from: ?? on ??

God this thread is complete and utter shit

+1 I recommend DTS's Fact Only Thread. Even the people who you guys call trolls are only giving relevant information in there.

Yeah I saw it, it's good and appreciated.

babybonobo

sr. member

Activity: 278

Merit: 250

#hardworkpaysoff

Quote from: VolanicEruptor on December 10, 2013, 09:56:17 PM

Yet somehow Icedrill managed to assign shares based on the list of public addresses from Bitfunder, without any transferring to ICEDRILL-TENDER

kind of neat, huh? Makes you really wonder WHY.

What exactly are you trying to imply by this? So what if someone else was faster doing this? I agree that DeadTerra is a good manager. They had more time and/or different future plans. This proves nothing about ActiveMining, just ICEDRILL---Next!

Stuartuk

sr. member

Activity: 266

Merit: 250

Quote from: Mabsark on December 11, 2013, 04:08:49 PM

Since when are estimations facts? Especially when those estimations are clearly wrong.

Care to mention anything specific?

Mabsark

legendary

Activity: 826

Merit: 1004

Quote from: Stuartuk on December 11, 2013, 03:22:16 PM

Quote from: Mabsark on December 11, 2013, 03:12:05 PM

Please explain how not getting 10% of the network by the end of January means that they're on track to get 10% by the end of 2014?

The funds raised from 40 machines in month 1 is enough to expand the mining farm above the increase in difficulty rate, so the farm growth will outstrip network difficulty increase month on month. See my post, I have calculated the divs month on month till December 2014.

Since when are estimations facts? Especially when those estimations are clearly wrong.

Quote from: Stuartuk on December 11, 2013, 03:22:16 PM

Quote from: Mabsark on December 11, 2013, 03:12:05 PM

Labcoin didn't go well for me, obviously, but it didn't go bad for me either.

Underestimate of the century. You lost a majority percentage of your money in LabCoin. I warned you about it endlessly, but you chose to believe the unbelievable - that you would make 1000BTC in LabCon. You were on here everyday trying to keep ACtM prices low by spreading FUD so that you had the option to buy back in on a low share price. That was very damaging to ACtM shareholders but here you are back again trying to pretend you did nothing wrong.

Mabsark - I am very very happy that you lost 75+% of your money in Labcoin, lessons like that are invaluable in life.

So how many ACtM shares do you have now?

That was not the understatement of the century at all. I didn't lose about 75% of my money. When I sold my ActM shares, I could have bought about 3 AM shares. When I sold my LC shares, I bought 5.89 AM shares.

I wasn't spreading FUD at all about ActM. What I said would happen, did happen. It was obvious it would happen. You just buried your head in the sand though and ignored the maths. You continue to ignore reality and keep pushing your obvious hype as fact. But no, it's not you that's mad, it's everyone else.

Topic: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] - page 237. (Read 771288 times)