Topic: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] - page 29. (Read 771276 times)

Once again: There were already a few shares listed on CT.

Ken has no right to trade Ukyo's shares or his private shares before anyone else. He has benefitted from not having anyone else able to sell shares to reap the highest profit possible. This has to be extremely illegal and when or if this company eventually crashes and burns this alone can cause Ken to see jail time.

I am not saying these extra shares are Ken's shares. But if they are it is definitely not a good idea for him to continue selling them without allowing everyone else access to their shares.

Whatever you are possibly doing Ken it does not matter, you should put it on hold for 1-2 Hours a day and manually transfer people's shares everyday.It seems that whatever automated process you planned to introduce is taking up too much time and a manual process is the way tot go now. This is the best course of action right now and is definitely the most important thing you should worry about.

PS: I think we should stick with 28nm as said before unless going for 20nm is a sure as hell, no way to fail process. If whatever engineer says, "Oh there is a 5% chance that this will not work out." or "It will cost $$$ more" or "You will have to wait a little longer for the finished product". That 5% is too high, that price point is too high, and that date is a little to late and we should go with 28nm. 

Don't give him a deadline like December 2014. Shares better be out to us before this month is over. Hell we should have them before Valentine's Day.

Did you work on Duke Nukem Forever? I wouldnt be surprised when they are bankrupt after years of debugging.

Maybe Ukyo had 320600 or even more. The second possibility is Ken testing the transfer system. The third possibility is Ken start trading with his own shares, but I don't think he can get away with it, so if he don't have a good explanation the big holders will file a case immediately. There are just 124605 in sell orders, so no one still trading with those.

Ukyo had 2XX,XXX shares. So where did the extra 100,000 Shares come from is the question. Not the 25,000,000 that are listed.

Those are all the shares ActM issued - 15000000 won't have dividends till 0.0025 dividends reached on the other 10000000. This is just the CT presetting in order to have all of our shares transferred.

From ACTM details on CT.

320600 / 25000000 Outstanding

How many shares did Ukyo own?
Has Ken been selling some of his on the sly?

So Ken is trolling shareholders and spreading FUD because he just wants some cheap shares?

^^^ This

If Ken had any wits about him, he would buy up the shares @.0005, instead  of selling them.  Regardless of his belief in the company.

If the company makes a profit (I know, i know...  just humor me for a sec), it's a wise investment.
When it becomes obvious to everyone that it's a scam, there would be no shareholders to complain.
Nothing wrong with buying your own stock @80% discount.  80% of a few mil with 0 risk is decent cheddar.

Dumping is stupid regardless of whether he's scamming or honest.  My guess is "unforeseen circumstances or acts of god."  Something went seriously wrong.

What an interesting thought! Ken in jail!

We do know that he has had a few conversations with the SEC, or at least he has alleged that.

He also claims to have spent some guilders getting the advice of lawyers.

What happens if all the share holders who no longer have faith in the company sell?

The price will drop. If it goes low enough, some remaining believers will buy shares and the price would stabilize.

Then, every time Ken makes an announcement, the price will spike up. Eventually, unless Ken comes out with real working miners, the price will collapse and never return.

If Ken really does still believe in his company, it is in his benefit to allow the share price to fall as low as possible and then buy up those depressed shares.

Some people will think that is price manipulation, or insider trading, but it really is not. It would benefit him, because the more shares he has, if the company finally does succeed, he will own more of it and make more money.

His buying shares would show his own confidence in the mess he has created.

Let trading restart. Let the price go to wherever it should. Trust the market. 


This is just about Ken being paternalistic again. I bet he thinks he is somehow protecting all of us by delaying this one more week.

Enough already. Re-start trading now!

Validation of shares and restarting trading has taken too long.

Ken, quit making excuses and focus on fulfilling your promises.

You promised many things but you are losing credibility each time you delay, make up a new excuse or even have a delay because you make an engineering change and return to the drawing board.

The speed of each individual chip is less important than the over all total of hashing power and the cost of running those miners. The chips could be 100nm in size, but as long as there in enough hashing power and the cost of operations is low enough, Active Mining will still make money.

At this point, Ken, you may not be able to make the engineers work faster or the chip manufacturer produce the chips faster, but you DO have control over starting verification of shares and resuming trading.

This needs to be done quickly. The consequences of it not happening soon will be ugly.


What I mean by that is that you will end up alienating the few shareholders who still defend you. You will have no one to defend you should the company really go legs up. However you justify delaying this just a little bit longer, you need to quit it.  You have a pattern of justifying your actions, whether it was when the first IPO came out to reoffer shares at a different price, or to decide to wait until the price of bitcoin would go up to get out of hibernation of engineering design, or like right now, when you keep going back to the drawing board. Quit rationalizing things to delay. You are only delaying because you are afraid the product you finally come up with won't be perfect.  The more you delay, the less profit the company will be able to make.  The more you delay, the more it feels like a betrayal of those who believed in you from the start.

Now is the time to focus on starting trading again and let the engineers you hired focus on the chips.

When will trading start again?

I just can't fathom why it has taken nearly two months to get these damn shares verified and listed on Crypto-Trade.

Seems like a few dedicated hours of spreadsheet work would do it.

Ken think of your own personal joy when you list the shares and the Negative Nellies finally get to cash out and vanish into the ether?   Do it for yourself, if nothing else!

Excellent points Klondike.

I think its important to look at the competitors - its clear that chip design trumps size.

Bitfury 55nm :    0.8-1.1W/GH
Antminer 55nm : 1.9-2.2W/GH
ASICMINER 40nm : 0.4W/GH or less

compared to most 28nm designs being in the 0.6-0.9W/GH range and KNC promising ~0.3W/GH at 20nm

It seems obvious that the silicon design is more important than its size, since Bitfury's 55nm technology is competitive with chips much smaller than it. Asicminer is making promises of a 40nm chip that will beat out current 28nm designs and compete with the KNC 20nm design even

They couldn't.  Because NDA

Otherwise, Reuters News:

AMC, a virtual identity totally owned by Active Mining Corporation (Belize), turns out to be a scam.
In an impromptu press conference, President Obama expressed shock and disbelief, stating:  "A virtual identity wholly owned by Active Mining Corporation (Belize) a scam?  In MY America?  Say it ain't so!  How could this happen?!"

Derp.

'We are also thinking about going to a 20nm custom chip and skipping the 28nm, if we can get it produced fast enough.' - Ken.

I'm confused by the reaction to this. Ken has said that he never stops thinking about how he can generate profit for this company. Here he is thinking outside of the box and thinking big and all the girls on here start screaming and crying.

We need a decent level of debate  about this and we need to offer Ken our best advice, not throw a tantrum and call him a scammer. Fact - if he was a scammer eASIC, who have a serious reputation to maintain, would have exposed him months ago.


My advice to Ken on this-

After reading an article I am sceptical about the promised benefits of a 20nm die when you have non-scaleable components you have to build it around. Transistors are not scaling down on par with the die reduction so you have relatively larger sized components than as used in 28nm.  So as far as I understand it significant 20nm efficiencies over 28nm are currently largely theoretical and will be extremely difficult or impossible to produce with current tech.

This is essential reading, as far as I'm aware this is still current:
http://www.altera.co.uk/technology/system-design/articles/2012/20nm-systems-era.html

The key section is:

The Fine-Print Take Away
The ability to spend transistors to buy performance is absolutely vital to 20 nm SoCs for one simple reason: at the block level, 20 nm chips will not be much faster than their 28 nm equivalents. This is not immediately obvious from the publicity. TSMC, for example, claims that their 20 nm technology “…can provide 30 percent higher speed…than its 28 nm technology.” That is not the doubling we used to expect between process generations, but it is not trivial. Yet to achieve that speed on an entire block, rather than on a few critical paths, might require lavish use of low-Vt transistors with very significant leakage current, raising the issue of local-heating problems. Even without the thermal issues, the design might never close timing across all the many process, voltage, and temperature corners that 20 nm presents. Some engineers have suggested that taking power and variations into consideration, blocks simply ported to 20 nm may gain no speed at all.

A challenger appears...

http://s28.postimg.org/ed2ct03v1/Capture.jpg

The cutthroat world of high finance