[ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] - page 348.

minerpart

sr. member

Activity: 280

Merit: 250

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Quote from: chairforce1 on November 18, 2013, 07:12:05 PM

Quote from: minerpart on November 18, 2013, 07:06:33 PM

Quote from: chairforce1 on November 18, 2013, 06:52:30 PM

The user neilol and I are in the process of planning a trip to Missouri this Friday. We are wondering if anybody would like to donate for the travel expenses and for lists of questions Ken will MOST LIKELY let us report back with.

I'd be interested in knowing what questions you are intending on asking.

As many as possible. I'd rather flood him with questions and hope he bites on a few.

I question your intentions for this visit if you are trying to catch Ken out.

chairforce1

sr. member

Activity: 316

Merit: 250

Quote from: minerpart on November 18, 2013, 07:06:33 PM

Quote from: chairforce1 on November 18, 2013, 06:52:30 PM

The user neilol and I are in the process of planning a trip to Missouri this Friday. We are wondering if anybody would like to donate for the travel expenses and for lists of questions Ken will MOST LIKELY let us report back with.

I'd be interested in knowing what questions you are intending on asking.

As many as possible. I'd rather flood him with questions and hope he bites on a few.

minerpart

sr. member

Activity: 280

Merit: 250

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Quote from: chairforce1 on November 18, 2013, 06:52:30 PM

The user neilol and I are in the process of planning a trip to Missouri this Friday. We are wondering if anybody would like to donate for the travel expenses and for lists of questions Ken will MOST LIKELY let us report back with.

I'd be interested in knowing what questions you are intending on asking.

minerpart

sr. member

Activity: 280

Merit: 250

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Quote from: SebastianJu on November 18, 2013, 07:00:33 PM

It was a bad idea to price the miner in USD

If you price them in BTC only you won't get half as many orders. So it was not a bad idea.

SebastianJu

legendary

Activity: 2674

Merit: 1083

Legendary Escrow Service - Tip Jar in Profile

Quote from: VolanicEruptor on November 18, 2013, 12:12:55 PM

I hate to point out the obvious here, but it no longer makes sense for Ken to sell machines when Bitcoin is almost $600. He would make far more profit mining with them himself. Not like we would see any of the mined profits anyway, he will find a way to keep them for himself.

+1

It was a bad idea to price the miner in USD since they mine bitcoins. But since ken did it that way he should hurry and change the prices.

st4nl3y

legendary

Activity: 1050

Merit: 1000

so many questions but no answers... Huh

LorenzoMoney

sr. member

Activity: 335

Merit: 250

No we cannot have a vote!
This is not a democracy, and these are not real shares and anyway, Ken was quite explicit in saying that these are not voting shares.

What a ridiculous suggestion! A vote! Hurumpf!

Quote from: karsy on November 18, 2013, 06:00:16 PM

Can we have a vote to decrease divs to 30% of profits? Maximizing reinvestment, I believe this is where the other companies failed.

chairforce1

sr. member

Activity: 316

Merit: 250

The user neilol and I are in the process of planning a trip to Missouri this Friday. We are wondering if anybody would like to donate for the travel expenses and for lists of questions Ken will MOST LIKELY let us report back with.

pbbhopp

newbie

Activity: 13

Merit: 0

Quote from: knybe on November 18, 2013, 06:05:34 PM

reminder: VMC uses eASIC to Achieve 24.756 TH/s Bitcoin Miner

I hope it's true...to the mooooooooon NOW Grin

4ju5tice

member

Activity: 111

Merit: 10

Quote from: drawingthesun on November 18, 2013, 05:58:35 PM

Quote from: tom.hashemi on November 18, 2013, 05:55:47 PM

Why are you panicking because the price of bitcoin has risen?

It's a GOOD thing.

Negative. Now each block creates $20,000 as opposed to $2,500 so there is more incentive to mine and thus we will have even more competition.

Also its harder and harder for our shares to be worth what they used to be due to the change in value of Bitcoin. Our sales are in fiat so that links us to a fiat price. Only our mining farm can get the share price back to where they were, but where is this mining farm?

The same amount of fiat gets us the same amount of mining equipment which will get us the same amount of btc.

The only thing is that now there will be more sales, which will be more of a hashrate. This is where the money will be, in mining.

4ju5tice

member

Activity: 111

Merit: 10

Quote from: karsy on November 18, 2013, 06:00:16 PM

Can we have a vote to decrease divs to 30% of profits? Maximizing reinvestment, I believe this is where the other companies failed.

I agree with this completely. And in fact would propose that in the initial stages even more goes towards reinvestment. Competition will be huge, we need to use any head start we might have to go full force and outdo competition.

knybe

hero member

Activity: 658

Merit: 500

decentralize EVERYTHING...

reminder: VMC uses eASIC to Achieve 24.756 TH/s Bitcoin Miner

minerpart

sr. member

Activity: 280

Merit: 250

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Quote from: karsy on November 18, 2013, 06:00:16 PM

Can we have a vote to decrease divs to 30% of profits? Maximizing reinvestment, I believe this is where the other companies failed.

You are going the wrong way. Our reinvest costs are in USD. Each btc is now worth 3x what it was in USD. We mine in BTC so less not more of the mining output is needed to generate the same amount of FIAT for reinvestment. We can increase divs to 70% if this BTC price holds.

minerpart

sr. member

Activity: 280

Merit: 250

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Quote from: drawingthesun on November 18, 2013, 05:58:35 PM

Quote from: tom.hashemi on November 18, 2013, 05:55:47 PM

Why are you panicking because the price of bitcoin has risen?

It's a GOOD thing.

Now each block creates $20,000 as opposed to $2,500 so there is more incentive to mine and thus we will have even more competition.

You think there are thousands of machines switched off at $200 but on at $750?

Rediculous.

The shares are not going to go down because BTC goes up. Our mining output and overall profit will dictate what the shares are in BTC not the price of BTC.

karsy

full member

Activity: 383

Merit: 100

Can we have a vote to decrease divs to 30% of profits? Maximizing reinvestment, I believe this is where the other companies failed.

minerpart

sr. member

Activity: 280

Merit: 250

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Quote from: drawingthesun on November 18, 2013, 05:55:13 PM

I am not trolling! I just can't see how we are ever getting our Bitcoin back as it rises to the sky like this.

Trust me, if Bitcoin remained at $100 for this entire time I would not be panicking at all.

You keep saying this about BTC. In what way does it going up make us LESS likely to start mining? You are talking nonsense.

drawingthesun

legendary

Activity: 1176

Merit: 1015

Quote from: tom.hashemi on November 18, 2013, 05:55:47 PM

Why are you panicking because the price of bitcoin has risen?

It's a GOOD thing.

Negative. Now each block creates $20,000 as opposed to $2,500 so there is more incentive to mine and thus we will have even more competition.

Also its harder and harder for our shares to be worth what they used to be due to the change in value of Bitcoin. Our sales are in fiat so that links us to a fiat price. Only our mining farm can get the share price back to where they were, but where is this mining farm?

4ju5tice

member

Activity: 111

Merit: 10

Quote from: drawingthesun on November 18, 2013, 05:44:40 PM

Quote from: LorenzoMoney on November 18, 2013, 05:36:54 PM

MY price to you for a single lot of all my shares is 1014 bitcoin.

If all these optimistic shareholders really believed in the company they would take you up on your offer.

Instead you get crickets.

I'm sorry, fresh out of $655,000. If I had it there's no way in hell I'd invest all of it into this company at that shareprice. Lol

tom.hashemi

full member

Activity: 169

Merit: 100

Why are you panicking because the price of bitcoin has risen?

It's a GOOD thing.

drawingthesun

legendary

Activity: 1176

Merit: 1015

I am not trolling! I just can't see how we are ever getting our Bitcoin back as it rises to the sky like this.

Trust me, if Bitcoin remained at $100 for this entire time I would not be panicking at all.

Topic: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] - page 348. (Read 771302 times)