Topic: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] - page 358. (Read 771309 times)

let me worry about if i am losing money on the deal




@Ken If you want to sell any of the Older Miners Please Contact me to discuss cost and shipping for the older miners if you choose to sell them and put the proceeds towards the Divs or put the money back into the R&D fund.

Once again my Offer is $12 per gh/s

Please let me know

I don't normally come on here and post anything negative, however; yet again another "news" article which mentions every single one of our competitors with no mention of ActM/VMC or a quote from Ken....

http://mobile.businessweek.com/articles/2013-11-14/2014-outlook-bitcoin-mining-chips-a-high-tech-arms-race

Thats about 15 - 19 Bitcoin when they are making 2.8 per week.

I am certain you would lose money on that deal.

I will buy the Older miners for $12 per GH/s

Would be better to sell these old miners. It would mean a one time income that is higher than self mining can achieve in the next time since miner-buyers seems to pay more than the machines could mine back in. Shortly the avalon chips will not be able to mine the power cost in. So selling now is even more important.

Hi Eskimo.

You've been keen for Ken to disclose the financials. Obviously there are still some things you think could be improved, but what is your assessment of what has been just provided?

Our mining revenue is now down to about 0.4 Bitcoin per day for a weekly dividend of 0.00000028 per share.

This thread is getting out of hand as the old non self-moderated one. Damn

From: https://bitcointalksearch.org/topic/m.3220847

Not again...
BTW Ken, please include "Shareholders equity" line (and required sub categories like "Treasury stock" etc if needed) in your balance sheet. With out it, it's kinda half ass and not acceptable for a business.

Ok I have a question that Ken can answer and cannot possibly be NDA related.

For each mining machine, how much money does it cost to make the case, board, PSU, ram, etc... vs how much you are selling them for?

If the other components cost too much and selling does not make that up, then just running a mining farm might be worth it. Also Ken you said half of mining dividends go back into the company, so the current 24 bitcoin dividend, does only 12 get paid out to us? Also profit from selling mining machines, if half profit ours and half to be re-invested. Ken you can answer those questions.

And I will ask this one again but get no answer, when is the exchange happening and when will we be mining for real???

Also check out https://forum.litecoin.net/index.php/topic,7176.0.html

No probs, check back here every week as there will be a new home (exchange) for the shares coming up which Ken is working on at the moment.

Much appreciated!

It's still open.

Log in to BF.
Go to the 'Transfer' page.
Select 'ActiveMining' shares.
Select amount - (all your shares)
Input AMC-TENDER into Username box
Click TRANSFER.

Before you do that, go to the 'Settings' page and make sure your 'Public Bitcoin Address' is one that you can sign from -  eg a Blockchain Wallet- https://blockchain.info/wallet

Take a screenshot of your tender confirmation page and save it. You do not need to email or PM Ken. You may be asked at some point in the future to sign from your wallet address (with your Bitfunder name) to prove you are the owner of that address.


Announcement:
https://bitcointalksearch.org/topic/m.3492434

Hey guys, I was out of the loop for a while and I see BitFunder is shut.  Will the shares be transferred to the issuer for future trades and will the issuer handle the administration?  I suppose it is too late to transfer the shares manually so between BitFunder and the issuers there would presumably be a manual work around in place?

Those are some very nice looking trading platforms.

Ken, please give us some information as soon as you can, even if it's to hint at the 'big announcement'.

Hey Ken how long until we are hashing? Really need some good news.

Ken, please take a look at getting us listed here. I've been waiting for them to go live for a few weeks already.

https://www.btcinve.com/

These guys also run www.litecoininvest.com. The exchange looks and feels similar to how btct.co was set up. They are located outside of the US and they are operating legally within their own country. I don't think we'll have a issue with this new exchange getting shut down at anytime like btct.co and bitfunder did (US based). Neil should be able to help us get listed and start trading again.

JSC Skėtis
Vilnius, Lithuania
[email protected]

Ken thank you for the financial report. But with this I think that you should give us some more insight on where the company is at. Can you answer some questions about the mining aspect of the company as that definitely is not under some form of NDA or another.

1. When do you expect the chips to come in? (It seems bargraphics has stated next week; is there any truth to this? Can you enlighten us on whether this is even in the ballpark?)

2. When do you expect us to be hashing with our own equipment?

3. What is the expected hashrate by the end of this month (November) and the end of the year?

4. When do you expect to start paying dividends again?

If you can not answer any of these questions can you at least tell us that you can't, even if there is no reason why. There was also talk of some sort of surprise that you had for us.. Can you let us in on what it is?

Even if you don't answer any of these questions, please take a moment to understand where your investor's mindset is at. We see BTC going mainstream extremely fast, the price is shooting up higher than even april and is showing little signs of slowing down. We have no access to our shares to sell or buy and we are consistently seeing pessimistic views about the future of the company on this thread. With the entire Labcoin scam hitting new lows we see this company being called a scam left and right also I'm not asking you to come in and hold our hand, but a lot of us are in this for the long term and we would like to know exactly how far off we are from seeing some type of ROI.

Also: https://bitcointalksearch.org/user/kslaughter-1707

Ken's posts.