Topic: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] - page 299. (Read 771288 times)

you will never make $3/share.. thats over 20 million dollars.  You know that.  You also know that mining is far more profitable.  Don't act stupid.

Very good, now the Investors guarantee is now $3.00/Share @ $1,200 and it was .30/Share @ $120 Bitcoins.  Seems like a win for the Investors.

Just went full retard^^^

Then what a luck that bitcoin miners still mine bitcoin isnt it? I only see one point where Ken is failing. He is selling the miners way too cheap. Of course i dont know how much time it needs until the miners get delivered but judging from the bitcoin price its way too cheap. And i dont understand why he is doing that. Maybe he knows that the miners will be delivered late?
The $9000 Miner, when it starts mining on january the first will make a profit of $22,000. When it starts on February its $4400 only anymore. So maybe Ken knows more than we know and its still a good price to sell the miners instead self mining.


Right... even when a miner looks relatively promising... after you checked future diff development, the time when the miner starts actually mining and so on... it might look way more risky already.
And... having the same bitcoins in hand now instead having the same bitcoins in 2 months of mining makes a huge difference for business too. You can reinvest that money to create more miners. You couldnt do this with self mining... So selling has many advantages for a business.

...The latency factor in the Midwest USA where Ken is located is so long at those speeds we would never get the most potential out of the machines.....similiat to shorter HDMI cables.  Thats not today, but those days are comming soon.  

Go buy a PMB and tell me how that works out.  This is a small company.  We don't need all that overhead....unless Ken has a fusion reactor in his wharehouse for free electricity its a bad idea.  Soon the rent space for wharehouses will be skyrocketing to house all these miners in a fashion similar to when  HFT shops in in north Jersey set up right next to the NASDAQ servers to reduce latency.........oh yeah and wait till the googs, MS, EMC's of the world start in BTC mining.  The latency factor in the Midwest USA where Ken is located is so long at those speeds we would never get the most potential out of the machines.....similiat to shorter HDMI cables.  Thats not today, but those days are comming soon.  

If you ever bought a PMB you would understand that mining is not where the real action is. Especially as difficulty goes up and rewards get halved.  Price will have to constantly rise as we know....is that guarenteed .....no.   Even in 1849 the miners wernt the ones who became overwhelming rich.....it was the guys that sold the picks, pans ans shovels.  Bitcoin is no different...ACTM will be selling the tools of hope....lol and with a small farm that may spout a div every now and again.  Anyone with experience in the operation of a PMB knows this.    Its like dating a supermodel....there's a lot of maintenance to keep that lady performing.  

well guys, Ken invited me to come down to meet him so I'll be heading there this week.  If there's any questions anybody wants to ask him let me know

if you want to make this a completely fiat based business then you might as well take the share price (which was .0015 before BF shut down) and divide it by 10 (.00015).  This is because with bitcoin at $1200 (10x what it was), it now takes 10 times the amount of FIAT to gain the same amount of BTC in dividends.

Unfortunately most of you don't understand this.. it makes me want to start a scam of my own just to take advantage of the retards here..

Ken, what a useless update. As if we were waiting for you to tell us what you think BTC exchange rate will do or as if we didnt know difficulty was going to continue exploding.

What we needed were some simple, clear facts, and you gave virtually none. You still leave everyone guessing about the status of the chips. We still have no frigging idea of the timeline. All we got is a buzzword without describing what it is. And a vague statement that implies a delay, without quantifying it and while pretending we should think thats good. Whatever the 20% boost is, its not a gamechanger, its 20%. Difficulty goes up by 20% every 1-2 weeks, so if this caused a delay thats bigger than that, it was a dumb idea.

Yes. And i cant see how a software at all should be able to raise hashrate by 20%. Maybe the previous software was poorly coded? But the chip design had to be changed?
There should be no shortcuts available in hashing. So i only can imagine they made a bad hashingsoftware better. Thats all. And for some reason the chip design had to be changed to work with the new code.


No you cant. If you create 2 types of chips you have double NRE-Costs. Mask creation and so on. So that would work only with big losses.
I tend to believe that Ken was able to judge what route would bring in the best return. I mean he for sure knows of the diffi updates all the times. So i think the change in asic design will not mean a very big delay in time. He knows he has to deliver and he cant sacrifice weeks only to gain 20%.


This is surprising to you? I would be surprised when a bitcoin asic venture would run exactly after the timeframe that was planned before.


What do you mean? Profits are profits. Getting $6000 now in Bitcoins or getting $6000 2 months later in bitcoins can make a big difference in the amount of bitcoins you get. And even when he would sell a miner for only 2 months of mining income... it still would mean you have 2 months worth of mining in a couple of days instead having to wait 2 months for it. That brings completely different opportunities.
So i dont really get your logic behind looking so bad about the selling plans. You calculated the prices and mining income for the VMC-Miner? Depending on the delivery date the buyer takes a not small risk. It can be fast at the point where it never makes the buying price back.
Selling for a good price is definitely much worth on many levels.

Ken,

What's the protocol on Crypto-trade?  Register now?  Register later?