Topic: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] - page 290. (Read 771288 times)

MORE FUD

Thanks for your enlightening contributions Jasun.  You've ruffled a few feathers which always makes for a chortle.    

The irony is that for all of VE's accusations against Ken, and arguing that he wasn't adaptable, he amongst others in here are suddenly having to deal with the fact that our company is on a different course.  Ken steered this ship away from an iCEBERG while you were all tucked up in your beds and having wet dreams over divs.  We have a real chance of this becoming enormous and for those of you who may be unsure, read the announcement again.   SLOWLY.  

Stop spreading FUD. ActiveMining has the biggest mining farm and we are going to blow KNC out the ocean!

I know man, I'm just gonna make sure this question appears multiple times on each page of this thread until we start mining. Every single investor needs to know that this is the single most important question right now. They all seem to care about stuff that really doesn't effect whether we make ROI or not. Also I need Ken to see this question every time he comes onto this thread. It needs to be answered for everyone here. You don't give a man $1,000,000 then have him not respond to questions and have nothing to show for it for months. There are no pictures of equipment, no pictures of our mining farm even being set up, no proof of anything he has told us. He can at least answer this one god damn question. It's the only one that is important.

Ken when do you expect us to have our mining farm running? Thank you.

I know man, I'm just gonna make sure this question appears multiple times on each page of this thread until we start mining. Every single investor needs to know that this is the single most important question right now. They all seem to care about stuff that really doesn't effect whether we make ROI or not. Also I need Ken to see this question every time he comes onto this thread. It needs to be answered for everyone here. You don't give a man $1,000,000 then have him not respond to questions and have nothing to show for it for months. There are no pictures of equipment, no pictures of our mining farm even being set up, no proof of anything he has told us. He can at least answer this one god damn question. It's the only one that is important.

Ken when do you expect us to have our mining farm running? Thank you.

He has not answered a single question in this thread since IPO times, so i suggest phoning him with your question

Ken good morning, when do you expect us to start mining. Just give us a date.

Thank you.

- Intellihash, you made this sound like something it cannot be. I believe this is a stalling tactic.
- I am guessing you used the 1000+ Avalon refunded Bitcoins to buy a new design from eASIC. Can you deny or confirm?
- I am very certain you have not shipped an eASIC miner. Customers in another thread are now complaining that you are telling them to wait another 2-3 months before they get their miners. Meanwhile KNC just made $8,000,000 in 24 hours and have already shipped past ASIC miners of their own design.
- You say my PM's are slowing you down, I don't think you can be doing too much if our next batch of eASIC chips will be delivered in another several months. It sounds like you know have a lot of free time on your hands.
- Many concerned investors in the forum have asked genuine questions, why are you ignoring the only people that believe in you and only replying to the trolls?
- Even if you ignore me, please give them an answer, they really believed in you Ken and now even they are losing faith.
- What the fuck happened with eASIC batch number 1? Why stop an entire batch to work on something new?
- I am at a loss as to how on Earth the eASIC contract did not deliver chips. I just have no idea except that perhaps you told them to stop and purchased another design for a million dollars using Avalon refund.
- Also cryptotrade does not allow for timepad 2 factor authentication and has no volume. I am really interested why CT is the solution for us and not Havelock, they even said in an email to me they would try to reach out to you. This implies they would be fine running your security.
- Can you confirm or deny that the extra 1TH/s+ of mining power is from a source not eASIC (Avalon, cex.io, etc......)

To be frank Ken I feel that something went wrong and the operation is crashing, when people were spending millions on our miners you were very confident you could deliver at the end of November. That meant we were meant to be receiving well over 100TH/s worth of chips. But what do we have? 2TH/s.

Now customers are being told to wait for 3 months.

Sorry Ken but what the hell is going on?

I am probably going to sell all my shares once we trade at a 10x loss, because I no longer have any reason to believe in this company. So much secrecy for what? Our competitors are already a million times better than us, you are only hurting our reputation and thus our sales.

Here is my Intellihash theory,
...lets assume that particular chip have 1 out of 100 pipelines that contain impurity as limiting factor,
if software recognize failing pipeline and disable it then maybe remaining 99 pipelines can run on 30% faster clock,
or some particular pipeline may work fast but draining more than usual power and spreading heat to rest of chip.
So this intelligent algorithm will find most optimal configuration to squeeze highest speed or lowest power drain for each chip by disabling and scaling freq. ... [+nonsense]

I see that some people are concerned with selling miners "too cheap" and having low profit, however there is the simple trick to this, if ken just delay their shipment and use first chips to actm farm.
This means miners would not be sold too cheap compared to network hash rate.
It just should not delay too much to upset the customers.

I would love for Ken to come on now with a simple, easy to understand explanation as to what is happening.
Not an attempted marketing statement that need interpreting and analysing.

Guess this is only throwing more wood on the fire, but...

Business Insider: Bitcoin Developer Sells $8 Million Worth Of Hardware In 24 Hours, As Mining Technology Arms Race Goes Insane

EDIT:
from a PR standpoint; I'll bet if we had Ken's fat smiling face holding one of the boards in BI, we'd be selling that much as well too… no?

Can anyone answer why Ken had over 100 btc's on Ukyo's site?

how do we know it wasn't the btc's he was using to personally buy up his own stock?

He lost it and said it was the companies bitcoins.  Why did he have so many of the "companies" bitcoins on there?

Please stop calling this a PMB or a pure mining operation. This is an investment in a company that produces it's own miners at cost to make and reinvest part of profit's into gaining more mining equipment at cost and creating newer generations of miners. At some point it will be smart to sell these machines, that is not now. If we have buyers, then sell them but you are kidding yourself if you don't think we will make more money mining with them. Each machine we sell (last time I checked was $155k) If its $2/ghs then thats $100K profit (minus a bunch of random stuff) per machine. Each machine can meet ROI in less than two weeks if we mine with it though. Now I'm not a very knowledgable when it comes to mining but it looks like each machine can mine about 16-20 times what it would cost us to make it at $2/ghs instead of making 200% profit, how about 1567% profit?

http://mining.thegenesisblock.com/a/4290d9d40c

I just say that because there's such an emphasis on mining here.  I bought this company because its emphasis wasn't mining. As a matter of fact I saw mining becoming so involved one of my favorite funds I own is depriveds selling fund.  Basically it shorts mining and pays huge divys based on diffuculty increases.  We all knkw where that's going...deprived is I. The same boat as Ken with the shares, I have always had a lot of faith in deprived and tat, Ken is following suit.  

I get awesome divys from crypto trade, more than ill ever get from any pure mining operation or any PMB.  CEX.io is the best option for that.  Since btcs are limited to 21 million exchanges are the only place for divys.  In the fiat world divys can be created out of thin air since there's an unlimites supply of fiat.  Theoretically if you owned all the exchanges you have the possibility of owning every btc over enough time and transactions.  That is impossible in a fiat world because you need to creat more and more money to pay the interest in the fiat....btc is non interest bearing so that changes the thinking vs. Fiat thinking