Topic: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] - page 305. (Read 771288 times)

and Like I said before, Ken will probably be very interested in mining, but will keep it far away from us..
The profit from sales is a fraction of the profit that would be made from mining

All I see is excuses for delays, prettied up with promises of upgrades already.  No chips running yet, thats a bad sign.  And no mention at all about mining, just sales..

"The chips are going to be late; however, our new Intellihash software could be a game changer for the company. "

there is also NO MENTION of how much is geared towards your own mining farm.  With bitcoin at these prices it`s obvious you should be focusing on mining, not sales..

Does this announcement count? I know I'm ready to see it.

Did you notice this

Thanks for the update Ken!  Great work!



http://2.bp.blogspot.com/-feWSt7yeICo/UShJjBNFYZI/AAAAAAAABS0/4YjvpyUf4YA/s320/bbt_celebration-gif.gif

nobody wants a 20% increase in hashing power if it means a delay.  Difficulty increases 20% over the course of only 1 week.  Think about it..

Active Mining Corporation (Belize)

PROGRESS REPORT

As of November 30th 2013

First I want to thank all of our Investors for trusting in us.  We are working hard in this very competitive environment to make all of our Investors successful.  Now a few things have changed since our IPO.  First, there is a lot more competition in the 28nm marketplace such as, Cointerra, Hashfast, Bitmine, KnCMiner, and Butterfly Labs.  Before this last tremulous increase in the exchange rate of Bitcoins and Knc's shipping of their miners the difficulty was so high that our machines would not ROI.  During this period we have been working on R & D to improve our products performance to be able to compete with the 400 GH/s and 500 GH/s chips.  VMC expects to be able to compete with these competitiors with its increase in performance using our Intellihash(tm) technology.  We will be introducing our Fast-Hash One Smart Edition and will have an upgrade path for our current customers.

Bitcoin:

AMC expects Bitcoin to continue to rise in price over the next quarter as global acceptance of the virtual currency continues to explode.

New exchange for shares crypto-trade.

We have been contacted by Crypto-Trade in Hong Kong and will be moving our shares to their exchange.  We feel that this will be the best place for our shares to be traded until we have a tested solution with a decentralized trading and dividends method.  Crypto-Trade will be accepting our list of sharesholders and their number of shares and will create accounts automatically.  There is no need to sign up for an account on Crypto-Trade as it will be created for you.

November Sales:

As of this writing we have over 2.1 Million in sales for November, this excludes any fraudulent sales, I.e the $933,000 sales which was fraudulent and proven on the thread and a $3,000,000 sales which looks fraudulent.  AMC expects its sales of VMC's Bitcoin mining machines to continue to grow as it has the highest TH/s machines in the marketplace.  AMC expects the difficulty to continue to rise at an explosive rate.  AMC expects this explosive rate to drive adoption of VMC's 24 TH/s which has the lowest space requirement and the highest redundancy of any manufacturers machines.

Shipping:

We have this last week shipped our first products to customers.


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.

AMC Cash Position:

AMC is in an excellent position with the rise in Bitcoins this last month.  As of this date at the current price of Bitcoins we have over 2.3 Million in liquid assets, this includes Bitcoins, Cash from VMC, and   AMC purchased ActiveMining shares.  During the time since the IPO, AMC has paid out all of the revenue from the Avalons which is a total of 667.22167902 BTC ( $812,676.01 ) USD including the accumulated dividends to be paid out when all the shares are moved to a new exchange.  Also, AMC has added additional hashing power from our Klondikes.  AMC expects to use its Intellihash technology to increase its revenue with its existing machines until its eASIC designed chip is in full production.


Increased margins on sales:

Due to the rise in Bitcoin, we have increased our margins on our Bitcoin mining machines.  We expect this to help VMC's profit in the 1st quarter of next year.

Bitfunder/WeExchange Problems:

We have ~106 BTC in the Bitfunder/WeExchange system which we can not obtain.  We have sent Bitfunder's/WeExchange's Ukyo a Legal Demand For Payment within 72 hours.  We expect this problem to result in the loss of the 106 BTC.  We are meeting with our Lawyers to determine what our next steps will be.  This 106 BTC has been deducted from our liquid cash position above.

Forward Looking Statements
This press release contains forward-looking statements, including, without limitation, statements related to AMC/VMC's future sales and distribution of its Bitcoin mining machines. Words such as "expects" and similar expressions are intended to identify forward-looking statements. These forward-looking statements are based upon AMC/VMC's current expectations. Forward-looking statements involve risks and uncertainties. The company’s actual results and the timing of events could differ materially from those anticipated in such forward-looking statements as a result of these risks and uncertainties, which include, without limitation, economic conditions, customer business environment and inventory levels, government and technological factors outside of our control, adoption and roll-out of products, risks related to ability to capitalize on growth opportunities and markets, risks related to our ability to manage our growth and other risks that may cause our business, industry, strategy or actual results to differ materially from the forward-looking statements. AMC/VMC expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein.

You will be fine on Crypto-Trade with the same email.  Your shares will just be added to your account.

Look at crumbs licking his lips. He's desperate to buy some cheap shares now the tart.

Lets make some chip addition that will increase hashing 20% but will delay us month and difficulty doubles! Genius or it is as always just bogus and excuse for being late.
Now that I get that out of my chest, when do we expect being listed on Crypto-trade and we who already have account there registered with email address that was same as BitFunder what do we do? 

Chips delayed, next question is by how much. I'll leave that to you DTS. lol

I'm not sold.

It doesn't state that it's one of the mining machines.

It states in there the chips are late so they can incorporate intellihash.

And please don't tell me  "Also, AMC has added additional hashing power from our Klondikes" is the extra hashing we've been seeing?

I'm only thinking like this because I was expecting/hoping for a much bigger announcement...


Edit: looks like Crumbs noticed the late bit too.

Ken, do you have any idea of timeframe for when everything will be up and running on Crypto-trade?

And same thing for the eASIC chip entering full production?

Thank you.

Very cool!

So we shipped the first products and they use the old chips, but the new chips will use the Intellihash technology hence a small delay? Is my understanding right?

"We have this last week shipped our first products to customers."

YAYAYAYAYA

+1

How long till we get our accounts on Crypto-Trade?

November Announcement