Author

Topic: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] - page 239. (Read 771288 times)

sr. member
Activity: 266
Merit: 250
Sadly there are,
I have asked VMC for a shipping estimate and they have so far ignored me.

That is not evidence of a missed shipping date. The poster does not mention a missed shipping date.

Is that the substance behind your claim of lying to customers? A two line post from an anonymous poster?
sr. member
Activity: 266
Merit: 250
That's because there are no verifiable customers.  For all you know, Ken's Active Mining is buying gear from Ken's Virtual Mining.
Oh, wait...  You don't even know that, do you?  You just took Ken's word for it Cheesy

So either way, pankkakes comment about shipping dates is a complete lie. If there is no evidence of customers there can be, by definition, no evidence of missed shipping dates for customers.

Your lies are not mutually supportive in this instance - so please try harder.
sr. member
Activity: 266
Merit: 250
Stuartuk, lying and aiding scams isn't painting you in a good light. Since your coins are obviously already gone, you should try to look after what's left of you.

I would like to see some evidence of:

1) lying

and

2) scamming

In you own time, we have all day.
sr. member
Activity: 266
Merit: 250
What you need is actual things happening, and not trying to subtract yet another set of coins from investors (the Cryptostocks thing, AMC-TENDER, etc.)

Ken is not selling shares or raising any funds on any exchange. He hasn't taken any funds from investors since IPO days. So that is lie number 1.

lying to...customers (announces shipping but actually isn't)

There has been no attempt to misrepresent shipping dates to customers. Shipping dates are explained in full when customers place orders. Not a single customer has complained about missed shipping dates for any specific order - because no shipping dates have been missed. So that is lie number 2.

Do you have anything else to say pankkake?

Edit - telling the truth isn't cheerleading. Misrepresenting the facts is cheerleading. Tell me one single fact that I have misrepresented. If there are none then I am just putting forth the facts - do you have a problem with someone putting forward the facts on the Official Thread?
sr. member
Activity: 266
Merit: 250
Our exclusive supplier (eASIC) is one of the most sought-after and successful ASIC chip manufacturers in Silicon Valley.

We only need 40 of our 24.5TH/s miners to be deployed by the end of January to be on target for taking over 10% of network by end of 2014.

We have the funds in place to build and deploy those mining rigs.

Ken has no reason whatsover to exagerate ACtM business predictions.

So pankkake - please explain why you are active on here all of a sudden now that we are days away from being listed on CryptoTrade.
hero member
Activity: 630
Merit: 500
ken, you said there will bw additional 3TH hashrate online in the next few weeks,but where is now ??
+1
hero member
Activity: 843
Merit: 1001
ken, you said there will bw additional 3TH hashrate online in the next few weeks,but where is now ??
full member
Activity: 207
Merit: 100
...Vince, you should hop on IRC some time so we can discuss this over a less public medium.

Dec 08 04:38:54 <AMC-CEO>       I am thinking about quiting, but I am not a quiter, so I can't
Dec 08 04:39:08        Yes. It would be wise to not do that.
Dec 08 04:39:15 <AMC-CEO>       Why

The deep, unwashed recesses of the interbutts. Roll Eyes


Dec 11 08:38:54 <Crumbs>       I am sorry guys, I have no life. I have never been with a girl and spend my life on bitcoin securities forum.
Dec 11 08:39:08       You could always try and get a hooker with the dividends paid from ACTM?
Dec 11 08:39:15 <Crumbs>      I don't have any shares - and anyway I have never been with a girl because my penis is to small and i'm scared.
sr. member
Activity: 392
Merit: 250
...Vince, you should hop on IRC some time so we can discuss this over a less public medium.

Dec 08 04:38:54 <AMC-CEO>       I am thinking about quiting, but I am not a quiter, so I can't
Dec 08 04:39:08        Yes. It would be wise to not do that.
Dec 08 04:39:15 <AMC-CEO>       Why

The deep, unwashed recesses of the interbutts. Roll Eyes


Umm cause you took all our money and now our lives depend on you?  jesus...
hero member
Activity: 532
Merit: 500
https://karatcoin.co
I guess I was completely spot on with this then? Since it was deleted? There was literally no other reason to delete my speculation (which I said it was) unless it was a little too accurate for comfort.

Quote
IntelliHash

I can't see how intellihash could possibly work... the only thing it possibly could be is an over-clocking utility. It cannot change a chip (Ken said it would work on avalons too), it cannot fake proof-of-work (and if it can, bitcoin is broken), so the only option is an over-clocking utility. Which would be coherent with the 20% increase quoted, as that would be about the max you could reliably overclock.

TLDR; IntelliHash is, in my judgement, an overclocking utility.

Did you read that old KnC article? They got their 30% performance boost from cgminer tweaking. If this is the case, then the delay with the chips is unrelated to the Intellihash development.

except Ken has explicitly said that the chips will be late due to alterations needed for Intellihash. He has also said that Intellihash could be a game changer for ActM, I don't thin he would use this language lightly in a formal update about the company.



Upon further review, you are correct:

Quote
Intellihash(tm)

Intellihash is our new trademark for our new Bitcoin mining software which gives up to a 20% increase in hashing speed and has the possibility to increase the speed of our mining machines as the difficulty goes up.  We have had to modify the software in our chips to make it work with our new software.  The chips are going to be late; however, our new Intellihash software could be a game changer for the company.

I don't believe I'll be talking about this on a public forum anymore in respect of Ken's wishes. I'm satisfied that Intellihash is real and will be very good for our miners.


The problem with this is kleeck, that ken also said:

Quote
AMC expects to use its Intellihash technology to increase its revenue with its existing machines until its eASIC designed chip is in full production.

That means it doesn't require chip modification. It can only be an overclocking utility.

Or that the Intellihash tech already works with the avalons and doesn't need any modifications to those chips to work but modifciations are needed for the eAsic chips.

It's possible Ken has been working on Intellihash for quite some time using the Avalon chips for testing since he had no eAsic chips available at the time and when they arrived and he tested it on the eAsic chips he realised some modifications were needed.

You're basically suggesting Avalon came up with IntelliHash(tm) - which they didn't because its a ActM trademark.

So if it works on Avalon chips, then it is software
If it is software, it cannot fake proof of work
If it can't fake proof of work, but increases hashrate, then it is an overclocking utility.

Where is the flaw in my logic?


Vince, you should hop on IRC some time so we can discuss this over a less public medium.
sr. member
Activity: 448
Merit: 250
I guess I was completely spot on with this then? Since it was deleted? There was literally no other reason to delete my speculation (which I said it was) unless it was a little too accurate for comfort.

Quote
IntelliHash

I can't see how intellihash could possibly work... the only thing it possibly could be is an over-clocking utility. It cannot change a chip (Ken said it would work on avalons too), it cannot fake proof-of-work (and if it can, bitcoin is broken), so the only option is an over-clocking utility. Which would be coherent with the 20% increase quoted, as that would be about the max you could reliably overclock.

TLDR; IntelliHash is, in my judgement, an overclocking utility.

Did you read that old KnC article? They got their 30% performance boost from cgminer tweaking. If this is the case, then the delay with the chips is unrelated to the Intellihash development.

except Ken has explicitly said that the chips will be late due to alterations needed for Intellihash. He has also said that Intellihash could be a game changer for ActM, I don't thin he would use this language lightly in a formal update about the company.



Upon further review, you are correct:

Quote
Intellihash(tm)

Intellihash is our new trademark for our new Bitcoin mining software which gives up to a 20% increase in hashing speed and has the possibility to increase the speed of our mining machines as the difficulty goes up.  We have had to modify the software in our chips to make it work with our new software.  The chips are going to be late; however, our new Intellihash software could be a game changer for the company.

I don't believe I'll be talking about this on a public forum anymore in respect of Ken's wishes. I'm satisfied that Intellihash is real and will be very good for our miners.


The problem with this is kleeck, that ken also said:

Quote
AMC expects to use its Intellihash technology to increase its revenue with its existing machines until its eASIC designed chip is in full production.

That means it doesn't require chip modification. It can only be an overclocking utility.

Or that the Intellihash tech already works with the avalons and doesn't need any modifications to those chips to work but modifciations are needed for the eAsic chips.

It's possible Ken has been working on Intellihash for quite some time using the Avalon chips for testing since he had no eAsic chips available at the time and when they arrived and he tested it on the eAsic chips he realised some modifications were needed.

You're basically suggesting Avalon came up with IntelliHash(tm) - which they didn't because its a ActM trademark.

So if it works on Avalon chips, then it is software
If it is software, it cannot fake proof of work
If it can't fake proof of work, but increases hashrate, then it is an overclocking utility.

Where is the flaw in my logic?
sr. member
Activity: 473
Merit: 250
I guess I was completely spot on with this then? Since it was deleted? There was literally no other reason to delete my speculation (which I said it was) unless it was a little too accurate for comfort.

Quote
IntelliHash

I can't see how intellihash could possibly work... the only thing it possibly could be is an over-clocking utility. It cannot change a chip (Ken said it would work on avalons too), it cannot fake proof-of-work (and if it can, bitcoin is broken), so the only option is an over-clocking utility. Which would be coherent with the 20% increase quoted, as that would be about the max you could reliably overclock.

TLDR; IntelliHash is, in my judgement, an overclocking utility.

Did you read that old KnC article? They got their 30% performance boost from cgminer tweaking. If this is the case, then the delay with the chips is unrelated to the Intellihash development.

except Ken has explicitly said that the chips will be late due to alterations needed for Intellihash. He has also said that Intellihash could be a game changer for ActM, I don't thin he would use this language lightly in a formal update about the company.



Upon further review, you are correct:

Quote
Intellihash(tm)

Intellihash is our new trademark for our new Bitcoin mining software which gives up to a 20% increase in hashing speed and has the possibility to increase the speed of our mining machines as the difficulty goes up.  We have had to modify the software in our chips to make it work with our new software.  The chips are going to be late; however, our new Intellihash software could be a game changer for the company.

I don't believe I'll be talking about this on a public forum anymore in respect of Ken's wishes. I'm satisfied that Intellihash is real and will be very good for our miners.


The problem with this is kleeck, that ken also said:

Quote
AMC expects to use its Intellihash technology to increase its revenue with its existing machines until its eASIC designed chip is in full production.

That means it doesn't require chip modification. It can only be an overclocking utility.

Or that the Intellihash tech already works with the avalons and doesn't need any modifications to those chips to work but modifciations are needed for the eAsic chips.

It's possible Ken has been working on Intellihash for quite some time using the Avalon chips for testing since he had no eAsic chips available at the time and when they arrived and he tested it on the eAsic chips he realised some modifications were needed.
hero member
Activity: 794
Merit: 1000
Monero (XMR) - secure, private, untraceable
So I've just come back after two months away. Bitfunder seems to have died and I missed the transfer window? Is there any way I can get my Active Mining Shares back?

If you know your Bitfunder Public Address and it's one you could sign from you'll be just fine.
sr. member
Activity: 448
Merit: 250
I guess I was completely spot on with this then? Since it was deleted? There was literally no other reason to delete my speculation (which I said it was) unless it was a little too accurate for comfort.

Quote
IntelliHash

I can't see how intellihash could possibly work... the only thing it possibly could be is an over-clocking utility. It cannot change a chip (Ken said it would work on avalons too), it cannot fake proof-of-work (and if it can, bitcoin is broken), so the only option is an over-clocking utility. Which would be coherent with the 20% increase quoted, as that would be about the max you could reliably overclock.

TLDR; IntelliHash is, in my judgement, an overclocking utility.

Did you read that old KnC article? They got their 30% performance boost from cgminer tweaking. If this is the case, then the delay with the chips is unrelated to the Intellihash development.

except Ken has explicitly said that the chips will be late due to alterations needed for Intellihash. He has also said that Intellihash could be a game changer for ActM, I don't thin he would use this language lightly in a formal update about the company.



Upon further review, you are correct:

Quote
Intellihash(tm)

Intellihash is our new trademark for our new Bitcoin mining software which gives up to a 20% increase in hashing speed and has the possibility to increase the speed of our mining machines as the difficulty goes up.  We have had to modify the software in our chips to make it work with our new software.  The chips are going to be late; however, our new Intellihash software could be a game changer for the company.

I don't believe I'll be talking about this on a public forum anymore in respect of Ken's wishes. I'm satisfied that Intellihash is real and will be very good for our miners.


The problem with this is kleeck, that ken also said:

Quote
AMC expects to use its Intellihash technology to increase its revenue with its existing machines until its eASIC designed chip is in full production.

That means it doesn't require chip modification. It can only be an overclocking utility.
sr. member
Activity: 378
Merit: 250
I think that 0.006 Buy order is gonna be removed right before shares are transferred. I think its a bait to get people to bid above .002 thinking that it's what the price should be at so someone can sell out for a reasonably decent price. Pretty smart, I doubt it will work though.

Absolutely, when trading goes live we WILL (and you can mark my words) hit 0.0005 and probably stay there for at least a few days, maybe even a week or two. This pressure cooker has been steaming and shaking for weeks and a lot of people want to get out. And that's fine, for ideological (grr we're mad at Ken and going to sell our shares because that'll show him), practical (I kinda need some money so going to cash some out), or panic (oh god, chips don't exist, this is all a massive scam, the sky is literally falling!) reasons there will be heavy sell pressure. Over time, [assuming] more info gets released and progress is made on our chips the market will revalue our shares.

To those seeing the bids at 0.006 or the 0.012 from earlier, those are obviously joke prices [at this point in time] but that does not mean that we will never hit those levels, I fully believe we will, but it will take a few weeks. My out of the ass guess is 0.012 before the end of January 2014. No one can see the future, so I guess we'll see if the above comes to pass or if I'll be drinking alone in the dark thinking about what could have been. Here's hoping it's to the former!  Grin

Yeah I pretty much agree with you've said. If things go smoothly I can see people jumping the gun with rising BTC prices and bring the share way above actual valuation come January (People in this BTC investment game don't all have a concrete understanding at fair valuations of companies. Even I don't.)

At .012 I'll be hard pressed not to sell out and pay off some of these college fees. But I think we will hit a new low before we hit an ATH. I'm even ready to get in on the ground floor when we do get low ( VE didn't let me buy 10k Shares for .0001 D= ) since I've already bought the BTC for them.
sr. member
Activity: 448
Merit: 250
Nice quick reply from Ken on this issue as below:


Weekly Update:


We are going to try and give a weekly update on Wednesday of each week
to keep all of Investors up to date on our progress.

First, Ken will be taking all of the AMC-TENDER transaction and adding
those transactions to a database.  This database will be used to verify
your shares.  Once your shares are verified, they will added to the
queue which will be used at Crypto-Trade to create your account.  As
your account is created on Crypto-Trade the number of shares verified
will be added to your account.  If you already have a Crypto-Trade
account using the same email address used to verify your shares, then
the shares will just be added to that account.  The procedure when ready
will be posted in our Announcement the thread.

Active Mining PR Staff

This is a really great post to wake up to - i am really looking forward dot receiving these updates regularly.

Could you please clarify something - you mention a queue to get the shares on to crypto-trade, does this mean that some people will have their shares available for trading before others???

Yes and No, we will have a time for shareholders to verify, then we will move those shares in a batch; however, there are always laggers which will get moved in the next batch.


Quote
I imagined we would all be given the shares, then at some point the starting gun would go off, the bells would start ringing and we would all be off in a frenzy of buying and selling - all at the same time.

If this is not the case, then how will you determine who has their shares available to trade first? i.e. how is the order of the queue decided?

If there is a long delay between the first person starting trading and the last person starting trading then this is obviously unfair to the guys last in the queue who may have missed out on the higher buy orders.

It really won't be that way.  There will be enough time for anyone that wants to get into the first batch to get in.

Quote
When you are back online, please clarify this - i am also sending this in a PM in case you miss it on the thread.
sr. member
Activity: 644
Merit: 250
I think that 0.006 Buy order is gonna be removed right before shares are transferred. I think its a bait to get people to bid above .002 thinking that it's what the price should be at so someone can sell out for a reasonably decent price. Pretty smart, I doubt it will work though.

Absolutely, when trading goes live we WILL (and you can mark my words) hit 0.0005 and probably stay there for at least a few days, maybe even a week or two. This pressure cooker has been steaming and shaking for weeks and a lot of people want to get out. And that's fine, for ideological (grr we're mad at Ken and going to sell our shares because that'll show him), practical (I kinda need some money so going to cash some out), or panic (oh god, chips don't exist, this is all a massive scam, the sky is literally falling!) reasons there will be heavy sell pressure. Over time, [assuming] more info gets released and progress is made on our chips the market will revalue our shares.

To those seeing the bids at 0.006 or the 0.012 from earlier, those are obviously joke prices [at this point in time] but that does not mean that we will never hit those levels, I fully believe we will, but it will take a few weeks. My out of the ass guess is 0.012 before the end of January 2014. No one can see the future, so I guess we'll see if the above comes to pass or if I'll be drinking alone in the dark thinking about what could have been. Here's hoping it's to the former!  Grin
sr. member
Activity: 448
Merit: 250
Weekly Update:


We are going to try and give a weekly update on Wednesday of each week
to keep all of Investors up to date on our progress.

First, Ken will be taking all of the AMC-TENDER transaction and adding
those transactions to a database.  This database will be used to verify
your shares.  Once your shares are verified, they will added to the
queue which will be used at Crypto-Trade to create your account.  As
your account is created on Crypto-Trade the number of shares verified
will be added to your account.  If you already have a Crypto-Trade
account using the same email address used to verify your shares, then
the shares will just be added to that account.  The procedure when ready
will be posted in our Announcement the thread.

Active Mining PR Staff

This is a really great post to wake up to - i am really looking forward to receiving these updates regularly.

Could you please clarify something - you mention a queue to get the shares on to crypto-trade, does this mean that some people will have their shares available for trading before others???

I imagined we would all be given the shares, then at some point the starting gun would go off, the bells would start ringing and we would all be off in a frenzy of buying and selling - all at the same time.

If this is not the case, then how will you determine who has their shares available to trade first? i.e. how is the order of the queue decided?

If there is a long delay between the first person starting trading and the last person starting trading then this is obviously unfair to the guys last in the queue who may have missed out on the higher buy orders.

When you are back online, please clarify this - i am also sending this in a PM in case you miss it on the thread.
sr. member
Activity: 378
Merit: 250
I think that 0.006 Buy order is gonna be removed right before shares are transferred. I think its a bait to get people to bid above .002 thinking that it's what the price should be at so someone can sell out for a reasonably decent price. Pretty smart, I doubt it will work though.
Jump to: