Topic: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] - page 36. (Read 771276 times)
February 05, 2014, 02:14:36 AM
I can't help but feel that a little bit of this Ukyo/Actm Share business is spiteful on Ken's part. The alternative is Ken really needs that 100btc. For what? dunno. I am happy to see that wall go away, it seems to have sparked some trading movement too, neat. Should let the less-confident get out while they still want to.
February 05, 2014, 12:10:47 AM
~53,000 shares @ .0005 and now we're seeing some light buying @ .0006.
The 55nm chips alone should pay back all of the 0.0025btc per share. Then we have the custom 28nm. These buyers are lucky sods.
Ken needs about 25K BTC to pay .0025BTC per share, now I know little about mining but I do know that these 55nm chips will not be getting 25K btc.
A simple calculation taking into account the several month wait time and the rising difficulty shows we would need at least 5,000 TH/s to make 25,000 bitcoin.
You are correct, the 28nm are required to make our 0.0025 back, as the 55nm cannot do this unless ken is planning to run 2 million of those chips!
2 million!
2 million!!
OMG!
@ $2000/Wafer (A number shaofis came up with
) it would cost ActM around $588,235 to produce die in the ballpark of 2,000,000. Given a reasonably high yield, of course. (I'm not really sure what to expect from UMC, yield-wise.) If yield per wafer is low then we could see ourselves closer to between $650K - $750K. All in all, not too ridiculous of a cost. I'd wager sitting on funds like these would be a better option, though, given that the 28nm FCIC is slated to be to market a few months after the 55nm. February 05, 2014, 12:00:58 AM
That one guy sure made it sound like getting a refund from AMC was like pulling teeth.
Not sure who you are referring to. I personally haven't seen many people complain about refund issues. Most people paid for pre-orders back when BTC was worth $100-$400 (from the P&L sheet Ken gave out back in November). Ken then stated that he kept a lot of ActM Money in BTC and expressed bullish opinions when doing so. So some of the money that was gained from pre-orders might have appreciated in value as the price of BTC went up. In January Ken finally painted a much clearer picture, it was then stated by Bargraphics? And I think Ken that paying refunds was not going to be a problem and the company was financially afloat for the foreseeable future.
The 55nm chip has already been paid for and taped out. (Idk about the 28nm chip) so right now Active Mining only needs money to pay workers (Do we have any workers except the engineers & family?), set up a mining farm facility and pay to order chips (this is where the 106BTC comes in to allow us to get more chips).
Now I could wrong here and there are a few assumptions taken from views and opinions expressed by Ken himself.
I can't find the guy's posts right now either. A newbie can only do one search every few minutes, apparently, and if it doesn't return results, tough. He sure was whiny though.
But yes, I recall Ken repeatedly posting that in his opinion a bitcoin will be worth ten thousand of our Earth dollars quite shortly, and this will somehow rescue Active Mining. In that light, it would certainly make sense that he would be hodling BTC and quite aggressive in selling off stock to gain such BTC. He thinks the BTC value of the stock will drop, and quite sensibly.
February 04, 2014, 11:47:06 PM
Didn't we have millions of dollars in preorders? And Bargraphics assured us that AMC would have no problem refunding every last one if it came to that? Why is Ken suddenly desperate for this hundred measly coins? Booze money?
There have been no issues so far with refunding people.
Right. Out of those supposed millions of dollars in preorders, only one person has ever made any noise on bitcointalk that I've seen. So have we refunded most of them and are now out of cash? Or were there ever actually millions of dollars in preorders?
That one guy sure made it sound like getting a refund from AMC was like pulling teeth.
Not sure who you are referring to. I personally haven't seen many people complain about refund issues. Most people paid for pre-orders back when BTC was worth $100-$400 (from the P&L sheet Ken gave out back in November). Ken then stated that he kept a lot of ActM Money in BTC and expressed bullish opinions when doing so. So some of the money that was gained from pre-orders might have appreciated in value as the price of BTC went up. In January Ken finally painted a much clearer picture, it was then stated by Bargraphics? And I think Ken that paying refunds was not going to be a problem and the company was financially afloat for the foreseeable future.
The 55nm chip has already been paid for and taped out. (Idk about the 28nm chip) so right now Active Mining only needs money to pay workers (Do we have any workers except the engineers & family?), set up a mining farm facility and pay to order chips (this is where the 106BTC comes in to allow us to get more chips).
Now I could wrong here and there are a few assumptions taken from views and opinions expressed by Ken himself.
February 04, 2014, 11:38:56 PM
Didn't we have millions of dollars in preorders? And Bargraphics assured us that AMC would have no problem refunding every last one if it came to that? Why is Ken suddenly desperate for this hundred measly coins? Booze money?
There have been no issues so far with refunding people.
Right. Out of those supposed millions of dollars in preorders, only one person has ever made any noise on bitcointalk that I've seen. So have we refunded most of them and are now out of cash? Or were there ever actually millions of dollars in preorders?
That one guy sure made it sound like getting a refund from AMC was like pulling teeth.
February 04, 2014, 11:33:27 PM
Didn't we have millions of dollars in preorders? And Bargraphics assured us that AMC would have no problem refunding every last one if it came to that? Why is Ken suddenly desperate for this hundred measly coins? Booze money?
I think this scam has entered the end game and y'all should be archiving all these threads, because Bargraphics's posts have a habit of not sticking around.
When the time comes to pass the hat around for lawyer's fees, just don't let Bargraphics or minerpart collect the donations!
Oh and someone should keep an eye on eBay for those Avalons, Ken's probably about done with them.
I think this scam has entered the end game and y'all should be archiving all these threads, because Bargraphics's posts have a habit of not sticking around.
When the time comes to pass the hat around for lawyer's fees, just don't let Bargraphics or minerpart collect the donations!
Oh and someone should keep an eye on eBay for those Avalons, Ken's probably about done with them.
There have been no issues so far with refunding people.
There is a misconception going around with these hundred measly coins. Every extra dollar Active Mining gets allows us to buy more wafers in May when the limit on the number we can order is removed.
Who knows what 106BTC will be worth in May and how many chips that can get us.
February 04, 2014, 11:31:24 PM
Once you get your shares, you guys would be FOOLS to sell right away. Just hold on. People are buying these shares up and there's hardly anyone even on Crypto-Trade yet.
This is actually good advice. The Labcoin stock gave ample opportunities for daytraders, going up and down on crazy signals such as the date of an announcement announcing a future announcement being due, or TheSwede75 being spotted logging onto bitcointalk. No doubt Ken and his advisory team are planning similar opportunities.
February 04, 2014, 11:19:15 PM
Once you get your shares, you guys would be FOOLS to sell right away. Just hold on. People are buying these shares up and there's hardly anyone even on Crypto-Trade yet.
February 04, 2014, 11:07:19 PM
Didn't we have millions of dollars in preorders? And Bargraphics assured us that AMC would have no problem refunding every last one if it came to that? Why is Ken suddenly desperate for this hundred measly coins? Booze money?
I think this scam has entered the end game and y'all should be archiving all these threads, because Bargraphics's posts have a habit of not sticking around.
When the time comes to pass the hat around for lawyer's fees, just don't let Bargraphics or minerpart collect the donations!
Oh and someone should keep an eye on eBay for those Avalons, Ken's probably about done with them.
I think this scam has entered the end game and y'all should be archiving all these threads, because Bargraphics's posts have a habit of not sticking around.
When the time comes to pass the hat around for lawyer's fees, just don't let Bargraphics or minerpart collect the donations!
Oh and someone should keep an eye on eBay for those Avalons, Ken's probably about done with them.
February 04, 2014, 10:54:05 PM
Just you.
Nope, the wall got pulled all right. Seems somebody finally tipped Ken off that when you want to dump a huge lot of stock, you don't slam it all on the books at once. Looks like Ken is finally getting advice from outside his usual team of Messrs. Beam, Daniels, and Not For Consumption. Active Mining future looking bright!
February 04, 2014, 10:52:22 PM
@Milky way you are asking the wrong person unfortunately. I don't know much about Asic manufacturing so I can't really give out any type of number/percentage/estimate without it being a huge assumption based on little information. There are more intelligent people than I on this thread to answer that.
I just know that 40 Million in revenue is not the same as 40 Million in profit.
I just know that 40 Million in revenue is not the same as 40 Million in profit.
February 04, 2014, 10:28:48 PM
~53,000 shares @ .0005 and now we're seeing some light buying @ .0006.
The 55nm chips alone should pay back all of the 0.0025btc per share. Then we have the custom 28nm. These buyers are lucky sods.
Ken needs about 25K BTC to pay .0025BTC per share, now I know little about mining but I do know that these 55nm chips will not be getting 25K btc.
3600 BTC are mined every day, 108,000 BTC every month. If ACTM can control..
1% of the hashrate, 1080 BTC per month, 50/50 Investment/Dividends = 47 months for 0.0025 BTC per share in dividends
2% = 23.5 months
4% = 11.75 months
This is only considering dividends being received from the mining farm and none from actual sales of hardware which Ken projects to be $40 million this year. 25,000 BTC (right now) is $20 million bucks.
$40 Million in sales does not mean $40 Million in profits.
True. What do you think the profit margin is on ASIC hardware?
February 04, 2014, 10:15:56 PM
here's an example of a really good ASIC manufacturer update:
KnC News Update
Concise and well written and English isn't even their first language.
also, more importantly, a backup plan to deliver hashing power no matter what.
…just saying.
KnC News Update
Concise and well written and English isn't even their first language.
also, more importantly, a backup plan to deliver hashing power no matter what.
…just saying.
Really? This sentence didn't make any sense to me, did it to you?
Quote from: KNC
To make sure that everyone who has paid for their Neptune we are building a data centre like no other. It is located in the north of Sweden not far from Facebook and other Mega Data Centres and it’s totally powered by renewable energy.
To make sure that everyone who has paid for their Neptune order ......
Were building a data center like no other. More about the data center. Wheres the end of the first sentence?
February 04, 2014, 09:52:55 PM
~53,000 shares @ .0005 and now we're seeing some light buying @ .0006.
The 55nm chips alone should pay back all of the 0.0025btc per share. Then we have the custom 28nm. These buyers are lucky sods.
Ken needs about 25K BTC to pay .0025BTC per share, now I know little about mining but I do know that these 55nm chips will not be getting 25K btc.
3600 BTC are mined every day, 108,000 BTC every month. If ACTM can control..
1% of the hashrate, 1080 BTC per month, 50/50 Investment/Dividends = 47 months for 0.0025 BTC per share in dividends
2% = 23.5 months
4% = 11.75 months
This is only considering dividends being received from the mining farm and none from actual sales of hardware which Ken projects to be $40 million this year. 25,000 BTC (right now) is $20 million bucks.
$40 Million in sales does not mean $40 Million in profits.
February 04, 2014, 09:45:04 PM
~53,000 shares @ .0005 and now we're seeing some light buying @ .0006.
The 55nm chips alone should pay back all of the 0.0025btc per share. Then we have the custom 28nm. These buyers are lucky sods.
Ken needs about 25K BTC to pay .0025BTC per share, now I know little about mining but I do know that these 55nm chips will not be getting 25K btc.
3600 BTC are mined every day, 108,000 BTC every month. If ACTM can control..
1% of the hashrate, 1080 BTC per month, 50/50 Investment/Dividends = 47 months for 0.0025 BTC per share in dividends
2% = 23.5 months
4% = 11.75 months
This is only considering dividends being received from the mining farm and none from actual sales of hardware which Ken projects to be $40 million this year. 25,000 BTC (right now) is $20 million bucks.
February 04, 2014, 09:32:25 PM
Isn't it about time we are given back our shares and allowed to trade?
February 04, 2014, 09:22:37 PM
~53,000 shares @ .0005 and now we're seeing some light buying @ .0006.
The 55nm chips alone should pay back all of the 0.0025btc per share. Then we have the custom 28nm. These buyers are lucky sods.
Ken needs about 25K BTC to pay .0025BTC per share, now I know little about mining but I do know that these 55nm chips will not be getting 25K btc.
A simple calculation taking into account the several month wait time and the rising difficulty shows we would need at least 5,000 TH/s to make 25,000 bitcoin.
You are correct, the 28nm are required to make our 0.0025 back, as the 55nm cannot do this unless ken is planning to run 2 million of those chips!
2 million!
2 million!!
OMG!
February 04, 2014, 09:17:37 PM
~53,000 shares @ .0005 and now we're seeing some light buying @ .0006.
The 55nm chips alone should pay back all of the 0.0025btc per share. Then we have the custom 28nm. These buyers are lucky sods.
Ken needs about 25K BTC to pay .0025BTC per share, now I know little about mining but I do know that these 55nm chips will not be getting 25K btc.
February 04, 2014, 06:44:55 PM
Just me or have ukyos shares been pulled?
Right now 77,000 have been sold and about 86,000 are on the order book. So we are missing about 70,000 of UKYO's shares.
February 04, 2014, 06:44:50 PM
Lol, OK. Who's the boss trader that just bought [email protected] and put them all up @0.00069999?
Disciple of the 99.99 school of trading?
Disciple of the 99.99 school of trading?
Rinse and repeat - [email protected]
Teh heady world of high finance...
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