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Topic: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] - page 264. (Read 771288 times)

sr. member
Activity: 330
Merit: 250
The chip delay would have been less to do with incompetence and more a business decision. A very difficult one at that.  Ken would have known the shit storm announcing a chip delay would cause, but non the less decided to push forward with a risky but brave move to sacrifice short term gains for long term reward.  I expect we will look back at this and realise how pivotal that decision was.  

Do you really think that a 20% speed increase is worth delaying chips for weeks or months (this is a legit question)?
Last difficulty increase alone was 16%, so it is "eaten up" by a few weeks of mining.
I believe it is far more likely that the chips were fucked up in some way, and he had to redo the process (or part of the process).
The fact that he found some way to improve them by 20% was merely a bonus and a convenient excuse.

Ultimately Ken is either lying to us and it has all been one elaborate scam, or he's doing what he's saying and getting the job done.  Because I believe it's the latter, and because Intellihash is a win-win it is very easy for me to believe that someone as driven as Ken who wants the biggest mining farm in the world could make it a reality.  Ken's drive to prove to the community that he could do what he said he would, is what is likely to make everyone here plenty mulla.

I don't think he is a scammer, if he were, he would have left long time ago.
And it's great that you believe in him. I used to believe in him too, however his lack of coummunication is worrying to say the least.

If I am proven to be wrong regarding Ken, I will gladely apologize to him and anyone else who I might offend.
But right now I'm gonna place myself in the 'sceptic corner' and not trust a single word from Ken unless there is some kind of proof backing it up.

(no, I'm not looking to buy more shares, I already have waaaay more than I wish I had counting in fiat terms)
sr. member
Activity: 378
Merit: 250
OK, I thought you said cables.

It is likely, IMO, that VMC shipped out some of these extension cases.
sr. member
Activity: 378
Merit: 250
What could products be anyway? I wasn't aware AMC or VMC were producing any other products than miners.
Their only production are the PCI-Express miners and the chips. Anything else, the hosts, the PCI-Express extension cases, etc. are not theirs, but of course they act as a reseller.
I can't believe I know ActiveMining products more than its shareholders!
VMC isn't selling extension cables. So, either it is chips, completed miners, the case, or slide rails.
sr. member
Activity: 266
Merit: 250
What could products be anyway? I wasn't aware AMC or VMC were producing any other products than miners.

Chips is the only other thing. We are selling batches of 1000 for 120kUSD

http://virtualminingcorp.com/shop1/index.php?id_product=14&controller=product
sr. member
Activity: 378
Merit: 250
What could products be anyway? I wasn't aware AMC or VMC were producing any other products than miners.
hero member
Activity: 602
Merit: 500
myBitcoin.Garden
I'm not sure what you have been smoking when you say price/share will go up to 0.03-0.04.
That will require something like 4-5% of total hashing power.

I'm not saying it is impossible, just that it is not very likely.

It becomes more likely if Ken reaches his goal of building, "...the largest Bitcoin Mining Farm in the world.", by investing some of the $40,000,000 profits expected from hardware sales and recouped NRE in 2014.

And why should any of this be expected to become real?
Ken said we would be in low-volume chip production as of now. They were delayed.
Ken also said he would be releasing "Consolidated Active Mining Corporation and VMC reports" by Nov 30. This is beeing ignored.
The bottom line is that ActM has not yet managed to deliver anything else than words, delays and future promises.
Saying that we will have the largest mining farm in the world or we will have $40M in profit are just two more future promises tha may or may not become reality.

I will admit that Ken has managed the shuffling of shares between btct, bitfunder and crypto-trade fairly well, he also seem to be serious with his business.
I am usually a very patient person. I am however growing impatient with Ken's lack of communication.

Disclamer: I am a shareholder, and I would love to be a cheerleader. But the facts just keep pointing in another direction.

The chip delay would have been less to do with incompetence and more a business decision. A very difficult one at that.  Ken would have known the shit storm announcing a chip delay would cause, but non the less decided to push forward with a risky but brave move to sacrifice short term gains for long term reward.  I expect we will look back at this and realise how pivotal that decision was.  

Ultimately Ken is either lying to us and it has all been one elaborate scam, or he's doing what he's saying and getting the job done.  Because I believe it's the latter, and because Intellihash is a win-win it is very easy for me to believe that someone as driven as Ken who wants the biggest mining farm in the world could make it a reality.  Ken's drive to prove to the community that he could do what he said he would, is what is likely to make everyone here plenty mulla.

We've all got differences and opinions on how Ken is running this company.  It was never going to best run business on the planet because Ken's skillset is in engineering.  But isn't that a good thing?   I'm certainly not too worried by one or two missed deadlines if I know time is being well spent.

Yes, the shares issue is being handled well.
member
Activity: 112
Merit: 10
Guys, could you please stop shitting all over this thread?

Really, it has devolved from tedious to unbearable. If you cannot stand each other, just DO NOT REACT, that is the most effective way to quiet (presumed) trolls and attention-queens. I'd rather not read about who is racist here, who hangs out on chaturbate, who owns what kind of cats.

Did anyone notice that Ken posted as much ITT in the last 24h as he normally would in a week? And only in response to *concrete* questions dealing with the Crypto-Trade transition. This should be a clue to all of you who feel entitled to get answers to your questions about hashing, products or where Ken is mining with "your" stuff in secret. It is pretty clear that those questions will not be answered, period. It is therefore pointless to ask them again and again, only to clog up the thread. Bitch and moan as much as you like, you won't change that.

So either accept that (I personally would like a more open communication too, but given how the mood is poisoned here, I would reduce interaction with my "share holders" to the absolute minimum too) or sell. But please refrain from jumping everyone's legs like a puppy on coke.
sr. member
Activity: 378
Merit: 250
Guys, come on now. Settle down. So it seems we have a strong strong wall up at .006, with 47 shares. Good lord I thought we were going to the bottom. Looks like nothing but up to me! Haha, I jest.

Anyways. Has Ken given any word to when the next announcement is? Are they every 2 weeks? On the 15th and 30th of every month?
full member
Activity: 210
Merit: 100
I'm just wondering why you put the faces over the black actors but not the white people?

It looks a bit dodgy to say the least crumbs.

Oh, that...  Well, i guess there's no sense hiding it any longer Sad


^lol, that pic's so old, i've *matured so much* since then Cool
sr. member
Activity: 266
Merit: 250
I'm just wondering why you put the faces over the black actors but not the white people?

It looks a bit dodgy to say the least crumbs.
full member
Activity: 210
Merit: 100
Because you just mocked up the Black actors faces in that photo.

Those are cartoon characters, buddy, not actors.  How old are you, anyhow?
If i "mocked up" some white faces, would you ask me if i had any white friends?
The fail is so strong here Roll Eyes
sr. member
Activity: 266
Merit: 250
Because you just mocked up the Black actors faces in that photo.
full member
Activity: 210
Merit: 100


Is that actually correct? What about:

1) Close to 800k USD in divs to shareholders
2) Shipped products to customers

Re #2:

Ken never claimed that he shipped miners.  He said that he shipped "products."  This was interpreted as "miners" by zum & Stu, and as "toilet paper" by the rest of us.
Why lie when folks like Stu are around?

Errrr number two actually says products.

You really are beyong dim.
There are 52 weeks in a year.
An order book is different from a transaction log.

Edit: do you have any Black friends?


Good job, buddy.  Now we at least agree that Ken didn't send out any miners.
Regarding the color of my friends:  Why would you ask that?
full member
Activity: 210
Merit: 100
Boys, have you seen this?

https://crypto-trade.com/tradex/ipo/amc_btc


Maybe there is hope after all. Now, when will trading begin?


I'm new to all of this high finance stuff, did anyone already call dibs on [email protected]?
sr. member
Activity: 266
Merit: 250


Is that actually correct? What about:

1) Close to 800k USD in divs to shareholders
2) Shipped products to customers

Re #2:

Ken never claimed that he shipped miners.  He said that he shipped "products."  This was interpreted as "miners" by zum & Stu, and as "toilet paper" by the rest of us.
Why lie when folks like Stu are around?

Errrr number two actually says products.

You really are beyong dim.
There are 52 weeks in a year.
An order book is different from a transaction log.

Edit: do you have any Black friends?
sr. member
Activity: 335
Merit: 250
Boys, have you seen this?

https://crypto-trade.com/tradex/ipo/amc_btc


Maybe there is hope after all. Now, when will trading begin?


full member
Activity: 210
Merit: 100
whoo! I don't need to read another Mr Moneybags post!



love that pic.



Fistbump bro? Fistbump?
sr. member
Activity: 347
Merit: 250
StuartUK,
Why do you feel the obligation to troll this thread?
Your investment in ActM is minimal, you write poorly and in a vapid way. Much of what you say here is quickly disputed, yet you persist in trying to fill this thread with your interminable, tedious posts. Couldn't you take a break for a week or two and let other people have a chance? If you actually owned more shares, then you could be forgiven for being SUCH a pest.

Your dear and concerned friend,

Lorenzo Money

ignored
full member
Activity: 210
Merit: 100

The bottom line is that ActM has not yet managed to deliver anything else than words, delays and future promises.

Is that actually correct? What about:

1) Close to 800k USD in divs to shareholders
2) Shipped products to customers

I'm sorry, but I don't agree with any of those.
1) Really? I thought it was like ~600 BTC and last dividend was months ago?
Assuming average BTC/USD rate around 100 that means 600 x 100 = $60k.
IF you chose to hold those BTC and not convert them to fiat they are today worth 10 times that, it is correct, but saying that ActM has payed 800k USD in divs is just plain out lying.
2) So he says, but --> 0 <-- users have posted a picture/info about this.
If I told you I am posting this from the top of mount everest it does not automatically mean that I am on the top of mount everest.

Again, I want to be a cheerleader.
Ken/someone else, please prove me wrong!

Re #2:

Ken never claimed that he shipped miners.  He said that he shipped "products."  This was interpreted as "miners" by zum & Stu, and as "toilet paper" by the rest of us.
Why lie when folks like Stu are around?
hero member
Activity: 518
Merit: 500
Every man is guilty of all the good he did not do.
saying that ActM has payed 800k USD in divs is just plain out lying.


It isn't lying is it?

Paid out in divs = approx 640
BTC price today = 1060

640x1060=678400

A bit off, but last time I did the calculation BTC was higher. It's not lying, that is how much has been paid out at todays prices.

Great! Now let's do some actual math.

10,000,000 Shares @ 0.0025 Promised Repayment = 25,000 BTC
640 BTC Paid / 25,000 = ~2.6% over the past 6 months?

Only 97.4% left to go!
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