[ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] - page 240.

VolanicEruptor

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Quote from: zumzero on December 10, 2013, 09:48:22 PM

Quote from: Kasaf on December 10, 2013, 09:38:24 PM

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?

Most people transferred their shares to AMC-TENDER which is the BF account that Ken controls. Accounts are being created automatically on the new exchange Crypto-Trade for these people.

He has a list of those remaining shares which were not transferred (including yours) and you will be able to confirm ownership by providing your public wallet address that you set in Bitfunder and the number of shares.

I would pm Ken for specific instructions.

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.

zumzero

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myBitcoin.Garden

Quote from: Kasaf on December 10, 2013, 09:38:24 PM

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?

Most people transferred their shares to AMC-TENDER which is the BF account that Ken controls. Accounts are being created automatically on the new exchange Crypto-Trade for these people.

He has a list of those remaining shares which were not transferred (including yours) and you will be able to confirm ownership by providing your public wallet address that you set in Bitfunder and the number of shares.

I would pm Ken for specific instructions.

Kasaf

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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?

Ozymandias

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Quote from: SebastianJu on December 10, 2013, 05:37:20 PM

So one update and the clouds are gone again? And in 3 days its back to old right? Its so easy to move atmosphere in here.

Whats your bet on the valuation of shares on crypto-trade? Where will it settle after some days?

Quote from: sparky999 on December 09, 2013, 05:26:56 PM

This is quite clearly not a scam anyone who really thinks that is insane. A scammer does not pay out $500k+ in dividends.

You obviously never heard of ponzis. The business model is to promise some percent per week. The
issuer then starts to pay out pennies until people believe him. At one point he stops paying out and keeps what he has. Pirateat40 did it the same way.
So its a perfectly fine thing for a scam to pay out. I dont believe ActM is a scam though.

I agree in that I also don't think ActM is a scam, but it's especially not a ponzi. A ponzi is built on paying a little out to encourage more to be put it (to the ponzi-runner's pocket), but not a dime has been collected since the latest IPO and in fact, money has been coming out and (according to the guarantee if we are to take it at face value) will continue coming out at least until the IPO funds are returned to the shareholders. I would be concerned if more money for the company was solicited (as then the ponzi definition would fit adequately well), but as far as I know, it hasn't been since July and there are no signs of it happening in the future. If this was a scam, then Ken would have been long gone by now.

Jasun7211

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Just a thought why chips may be delayed industry wide. I know I have personally expierenced the shortage in silver myself.

http://beforeitsnews.com/gold-and-precious-metals/2013/12/silver-set-to-double-according-to-apple-2561510.html

Vigil

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Quote from: zumzero on December 10, 2013, 07:06:54 PM

You guys can argue figures all you want with your fancy percentages, but at the end of the day there's going to be more dividends flowing into shareholders wallets than all the mail in crumbs' bitcointalk inbox.

** A reply of yours, quoted below, was deleted by a Bitcoin Forum moderator. Posts are most frequently deleted because they are off-topic, though they can also be deleted for other reasons. In the future, please avoid posting things that need to be deleted. **

*super lolz*

Its going to be nice looking back on all this on that day.

zumzero

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myBitcoin.Garden

Quote from: ?? on ??

By the same token, I wonder if StuartUK has a job, or real life friends. After all, he posts more drivel than crumbs, more often.

Quote from: ?? on ??

Do you reckon crumbs has a job? Looking at his general statistics page, it seems he posts throughout his waking hours...

Lorenzo, why don't you make a contribution instead of insulting people?

I'm trying to get a visit to Ken arranged which could result in the permanent voluntary removal of the major trolls in this thread.

Stuartuk has made a real effort to present and share a detailed analysis of the business, which has stimulated discussion.

Numerous other investors contribute substantial information without speculation so ask yourself, what do you bring to the table?

Please get over your differences with people and start acting like a responsible shareholder because the tone of this thread can either eat into your profits or help generate them.

zumzero

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myBitcoin.Garden

You guys can argue figures all you want with your fancy percentages, but at the end of the day there's going to be more dividends flowing into shareholders wallets than all the mail in crumbs' bitcointalk inbox.

** A reply of yours, quoted below, was deleted by a Bitcoin Forum moderator. Posts are most frequently deleted because they are off-topic, though they can also be deleted for other reasons. In the future, please avoid posting things that need to be deleted. **

*super lolz*

shrodes

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Quote from: JoTheKhan on December 10, 2013, 05:48:04 PM

Since tomorrow is Wednesday, should we expect and announcement from Ken. Or does this trend of Wednesday announcements start next week?

Today is Wednesday in all the important places Wink

RoadStress

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Quote from: sparky999 on December 10, 2013, 03:56:49 PM

Quote from: kleeck on December 10, 2013, 03:23:57 PM

Quote from: sparky999 on December 10, 2013, 03:19:21 PM

Quote from: kleeck on December 10, 2013, 03:08:12 PM

Quote from: VinceSamios on December 10, 2013, 02:59:02 PM

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.

Agreed. I believe this was Ken's way of telling us that we are going to be knocking out some of the most ground breaking bitcoin mining machines ever seen with out trying to give too much away to our competitors.

Ken isn't just 'the boss' he's 'a boss' and will make himself and others very wealthy if they are prepared to hold on for the ride.

Can't wait for that!

Your post is just too good!

JoTheKhan

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Since tomorrow is Wednesday, should we expect and announcement from Ken. Or does this trend of Wednesday announcements start next week?

SebastianJu

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Legendary Escrow Service - Tip Jar in Profile

So one update and the clouds are gone again? And in 3 days its back to old right? Its so easy to move atmosphere in here.

Whats your bet on the valuation of shares on crypto-trade? Where will it settle after some days?

Quote from: sparky999 on December 09, 2013, 05:26:56 PM

This is quite clearly not a scam anyone who really thinks that is insane. A scammer does not pay out $500k+ in dividends.

You obviously never heard of ponzis. The business model is to promise some percent per week. The
issuer then starts to pay out pennies until people believe him. At one point he stops paying out and keeps what he has. Pirateat40 did it the same way.
So its a perfectly fine thing for a scam to pay out. I dont believe ActM is a scam though.

Stuartuk

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Quote from: stenkross on December 10, 2013, 05:27:35 PM

Here's one thing I don't get.

Once Ken's 15M shares will start recieving divs, the public 10M shares will only get 20% of the total company profit.
Since 50% is re-invested, and Ken owns 60% of the shares, 50% x 40% = 20%.

Or did I missunderstand something?

That's correct as long as the reinvest figure stays at 50%. If BTC rises beyond 2K the reinvest percentage can come down to below 50% as more FIAT is generated by fewer of the mined coins.

We get 50% of profits until 0.0025 is paid per share, then at that point we get 20% and Ken gets 30%.

20% is still a big deal from a farm generating 10% of global hash and a successful online mining rig and ASIC chip sales business.

Edit - or if you see the reinvest fund as expenses we actually get 40% of company profits - that is technically more correct.
Edit 2 - so we get 100% of company profits untill 0.0025 is paid out.

stenkross

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Here's one thing I don't get.

Once Ken's 15M shares will start recieving divs, the public 10M shares will only get 20% of the total company profit.
Since 50% is re-invested, and Ken owns 60% of the shares, 50% x 40% = 20%.

Or did I missunderstand something?

Stuartuk

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Activity: 266

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Facebook used to have three members. Twitter used to have 10.

Don't look at what we have deployed, look at our assets - the chip, the software, our 4Mill in funds and our supplier eASIC who have just taken 23Mill in investment capital, are specialists in fast to market chips and who have just taken an ex-Apple Exec onto their board.

http://www.easic.com/former-apple-and-broadcom-executive-dr-edward-h-frank-joins-easic-board-of-directors/

somestranger

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Are You Shpongled?

Quote from: ?? on ??

Do you reckon crumbs has a job? Looking at his general statistics page, it seems he posts throughout his waking hours...

No. In one of his posts he alluded to being Bitcoin wealthy which allows him to troll forums all day.

JimmyJazz

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Quote from: ?? on ??

Quote from: JimmyJazz on December 10, 2013, 04:22:30 PM

Quote from: ?? on ??

Quote from: JimmyJazz on December 10, 2013, 04:06:45 PM

...
This is not your normal company. Its a bitcoin mining company. With the price of bitcoin going up of course the company could be valued at that. This is not something the markets have ever seen before. People within the bitcoin space will see ACTM as a solid investment.
As said before Snapchat and Facebook have valuations of billions. If you think Bitcoin has a positive future then why shouldnt a mining company with 7% of the market not be valued in such a way?
...

Perhaps. But let's get back to the topic of this thread -- Active Mining, a company with ~0% of the market. And an empty garage with a 70s Dodge.
Largest mining farm indeed

Why don't you quote the second part of my post you fuckin donut.

'However with all that being said - lets not get ahead of ourselfs. We still have no chips and no proof of hardware being shipped.
Also 7% of the market would be great but it is far far off - But not impossible if we do get chips and use the funds that we have at our disposal. As Ken has said he wants to make the biggest mining farm in the world. If he will is debatable, but at least we know that when he has the hardware at his disposal he will go all out to take a huge chunk of what will be soon a multi billion dollar mining market.'

O. Ok. In other words, if Ken had the hardware, he'd have the biggest mine in the world. But he doesn't. So he don't.
If you're going to pull random numbers, why settle for 7%? Why not 70%? Hell, why not 170%? Why let mathematical laws limit your imagination?
You fucking doughnut Cheesy

You obv cant read, I'm not saying its a guarantee - far from it.

So why are you here then ya donuty cunt.

JoTheKhan

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Quote from: Vigil on December 10, 2013, 04:41:58 PM

Crumbs has a point here... at the moment we have nothing and there is still a long way between us having nothing and having anything at all. Not saying it isn't going to happen, it just that we don't have much to guarantee that we will have anything. Having said that, I believe Ken is trying to make this happen and obviously hope he is successful.

Yes he does have a point. The same point he has had for he last month or so. The same point everyone else has. This discussion seems unnecessary seeing as how we've had it about 100 other times already.

Vigil

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Activity: 378

Merit: 250

Crumbs has a point here... at the moment we have nothing and there is still a long way between us having nothing and having anything at all. Not saying it isn't going to happen, it just that we don't have much to guarantee that we will have anything. Having said that, I believe Ken is trying to make this happen and obviously hope he is successful.

JimmyJazz

full member

Activity: 207

Merit: 100

Could we go from this,

to this

Topic: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] - page 240. (Read 771288 times)